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THINK ALUMINIUM THINK AL CIRCLE
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, reduced by 7,000 tonnes from last week. The stocks came in at 1.24 million tonnes as of Thursday, March 25 2021.
The chart below shows the status of the primary aluminium inventories across China in more details:
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Primary aluminium stocks in Wuxi, Nanhai and Hangzhou witnessed a decline. The inventories in Wuxi, Nanhai and Hangzhou declined by 9,000 tonnes, 10,000 tonnes and 2, 000 tonnes to stand at 459,000 tonnes, 322,000 tonnes and 99,000 tonnes on Thursday, March 25. But the stocks in Shanghai and Gongyi marked a hike by 3,000 tonnes and 11,000 tonnes, standing at 98,000 tonnes and 188,000 tonnes.
Inventories of aluminium in Tianjin, Chongqing and Linyi remained unchanged at 59,000 tonnes, 5,000 tonnes and 13,000 tonnes as of Thursday, March 25 2021.
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