According to the Shanghai Metals Market survey, aluminium ingot inventories in China have marked the beginning of the year 2024 with a notable hike. As per the data, social inventories of ingot across Chinese eight major consumption areas built up 28,000 tonnes week-on-week, reaching 462,000 tonnes as of January 4.
The chart below shows the status of primary aluminium inventories in more details:
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
