Primary aluminium inventories in China shrink by 34000 tonnes as delivery recovers from COVID pandemic

According to the Shanghai Metals Market, primary aluminium inventories in China have decreased this week by 34,000 tonnes or 11 per cent across eight major consumption areas, including SHFE warrants. Thus, compared to 1.02 million tonnes last Thursday, April 21, primary aluminium inventories have come in at 987,000 tonnes as of April 28.

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

 

In Wuxi, primary aluminium inventories have decreased by 25,000 tonnes week-on-week to 490,000 tonnes as delivery recovered in the region. Shipments from Wuxi were mainly delivered to surrounding areas. Gongyi received a very few due to tight truck transportation capacity and restricted cross-province transport. Gongyi’s primary aluminium inventories have dwindled by 22,000 tonnes on week to come in at 65,000 tonnes. In Tianjin and Linyi, inventories have inched down by only 1,000 tonnes to rest at 80,000 tonnes and 17,000 tonnes, respectively.

Meanwhile, primary aluminium inventories in Nanhai have increased by 13,000 tonnes week-on-week to stand at 207,000 tonnes. In Hangzhou, inventories have gained 2,000 tonnes to rest at 65,000 tonnes, while that in Shanghai have remained muted at 57,000 tonnes.

source https://www.alcircle.com/news/primary-aluminium-inventories-in-china-shrink-by-34000-tonnes-as-delivery-recovers-from-covid-pandemic-79277