SHANGHAI, Feb 21 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.67 million mt as of Thursday February 21, the second week after CNY breaks, up 55,000 mt from Thursday February 14, SMM data showed.
Consumption has not resumed completely as of February 21, and this accounted for the expanded inventories.
In five weeks to Thursday February 21, social stocks of primary aluminium accumulated 408,000 mt.
Details:
Wuxi, Jiangsu – 630,000 mt
Shanghai – 314,000 mt
Nanhai, Guangdong – 318,000 mt
Gongyi, Henan – 138,000 mt
Hangzhou, Zhejiang – 151,000 mt
Tianjin – 55,000 mt
Linyi, Shandong – 30,000 mt
Chongqing – 36,000 mt
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