MYMETAL: China’s social aluminum stocks at 8-month peak
Feb 19, 2020 08:30
See Full-size Table Here
Retail aluminum ingot stocks across China climbed further during the week to February 14 to reach a recent eight-month new high due to stagnant demand for the light metal and blocked logistics across the country, according to the latest stocks report from Mymetal, Mysteel’s nonferrous metals data collecting arm.
Primary aluminum stocks in the warehouses of the Shanghai Futures Exchange and held by traders in the 16 Chinese cities under Mymetal’s weekly surveyrose by another 131,000 tonnes on week to total 1.18 million tonnes as of February 17, according to the report.
“There was no obvious recovery seen in the