Primary aluminium inventories gained 17,000 tonnes over the weekend ended March 23

According to Shanghai Metals Market, the social inventories of primary aluminium ingots rose by 17,000 tonnes over the weekend across eight major consumption areas in China, including SHFE warrants, as of Monday, March 23. The price thus, came in at 1.664 million tonnes, in contrast to 1.647 million tonnes on last Thursday, March 19.

The chart below indicates the current status of primary aluminium inventories across China in more details:

As the above chart shows, the inventories in Shanghai, Nanhai, Hangzhou, and Wuxi grew by 7,000 tonnes, 5,000 tonnes, 2,000 tonnes, and 1,000 tonnes, respectively, to stand at 158,000 tonnes, 432,000 tonnes, 132,000 tonnes, and 650,000 tonnes. In Chongqing, the inventories increased by 4,000 tonnes to 21,000 tonnes, while that in Gongyi have dropped by 2,000 tonnes. In Tianjin and Linyi, the stocks have remained unchanged at 57,000 tonnes and 12,000 tones, respectively, found SMM data.

As far as the A00 aluminium ingot price is concerned, it recorded a havoc downfall yesterday, March 23, of RMB 570 per tonne and came in at RMB 11,220 per tonne. Today, on March 24, it continued to remain the same.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.