China Aluminum Inventories Keep Growing as Shipments Recover, SMM Reports

Nov 14, 2016 15:55

Source:SMM

Aluminum stocks in China’s five major markets have been rising steadily recently thanks to recovering shipments from northwest China, SMM learned.

SHANGHAI, Nov. 14 (SMM) – Aluminum stocks in China’s five major markets have been rising steadily recently thanks to recovering shipments from northwest China, SMM learned.

Besides, inflows of imported aluminum and arrivals of domestic aluminum by trucks have also helped ease supply tightness, SMM added.

It still takes time to digest backlogged aluminum stocks in Xinjiang due to tight rail transport capacity, though, SMM noted.

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The table below shows details of aluminum stocks at China’s five major markets:

Unit: 1,000 tonne

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China aluminum stocks

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China Aluminum Inventories Keep Growing as Shipments Recover, SMM Reports

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