Shanghai Nonferrous Metals News

SMM: Primary aluminium inventory at social warehouses increased by 148 kt to 1.09 mln t last Thursday. Most downstream aluminium processors had planned to resume operations after 10th February, however, restrictions to transport, logistics, and a lack of workers may slow the resumption process downstream, contracting overall downstream demand.

According to SMM, China produced 3.07 mln t of primary aluminium in January up 3.5% y-o-y, thanks to domestic smelters’ profits holding steady at high levels. As a result, several Qinghai and IM smelters restarted previously idled capacity and some new primary aluminium capacity became operational during January.


CM Group Newsletter

Sign up to the CM Group newsletter to receive regular publications.