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Recovering consumption extends declines in primary aluminium stocks

From news.metal.com

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.55 million mt as of Monday April 22, down some 39,000 mt from Thursday April 18, SMM data showed. Continued resumption of downstream demand lowered the stocks. Details: Wuxi, Jiangsu – 561,000 mt Shanghai – 293,000 mt Nanhai, Guangdong – 340,000 mt Gongyi, Henan – 128,000 mt Hangzhou, Zhejiang – 115,000 mt Tianjin – 60,000 mt Linyi, Shandong – 24,000 mt Chongqing –27,000 mt (full story)

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  • Category: Fundamental Analysis