China’s primary aluminium inventories rose 137,000 tonnes on lower consumption
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.23 million tonnes as of Thursday, 20 February 2020. That was up 137,000 tonnes compared to a build of 148,000 tonnes in the previous week. Primary aluminium stocks increased this week, as demand has yet to recover amid the ongoing coronavirus outbreak.
The chart below shows the current status of the primary aluminium inventories across China in more details:
Primary aluminium stocks in Wuxi and Shanghai increased by 62,000 tonnes and 3,000 tonnes from February 13 to stand at 447,000 tonnes and 111,000 tonnes on Thursday, 20 February 2020. Stocks in Nanhai, Gongyi, Hangzhou, and Linyi stood at 258,000 tonnes, 209,000 tonnes, 125,000 tonnes, and 12,000 tonnes, from 234,000 tonnes, 164,000 tonnes, 121,000 tonnes, and 11,000 tonnes.
Inventories of primary aluminium in Tianjin came in at 57,000 tonnes on Thursday, down 2,000 tonnes. Stocks in Chongqing remained unchanged at 11,000 tonnes.
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