SHANGHAI, Feb 3 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 884,000 mt as of Monday February 3, up 194,000 mt from January 23, showed SMM data.
The gain over the Lunar New Year holiday that was extended by three days to contain the novel coronavirus was 10,000 mt larger than that over the normal holiday last year. Major trading hubs like Wuxi, Hangzhou, Nanhai and Gongyi saw sharp gains over the holiday.
Details:
Wuxi, Jiangsu – 320,000 mt
Shanghai – 105,000 mt
Nanhai, Guangdong – 186,000 mt
Gongyi, Henan – 100,000 mt
Hangzhou, Zhejiang – 96,000 mt
Tianjin – 58,000 mt
Linyi, Shandong – 8,000 mt
Chongqing –11,000 mt
