China Aluminum Inventories Grow for Three Consecutive Weeks, SMM Reports

Published: Nov 21, 2016 10:02

Save

Aluminum stocks in China’s five major markets have been growing for three weeks in a row, SMM statistics showed.

SHANGHAI, Nov. 21 (SMM) – Aluminum stocks in China’s five major markets have been growing for three weeks in a row, SMM statistics showed.

The growth is partly due to release of restarted and new capacity and partly because downstream producers postponed purchases against high aluminum prices, SMM explained. Recent big gains in aluminum prices attracted inflows of imported aluminum ingots into domestic market, another reason behind the inventory increase, SMM added.

SMM Sees No Turnaround for Aluminum Prices Next Week

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

Unit: 1,000 tonne

Date	Shanghai	Wuxi	Hangzhou	Gongyi	Nanhai	Total
Nov. 11	87	71	13	37	57	265
Nov. 18	85	75	12	41	66	279
Weekly change	-2	+4	-1	+4	+9	+14

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

china aluminum stocks

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

Fed's Jefferson Expresses Cautious Optimism on US Economy, Sees Inflation Returning to 2% Target

US Fed Vice Chairman Jefferson expressed "cautious optimism" regarding the US economic outlook, suggesting that, driven by robust productivity growth, inflation is expected to pull back to the central bank's 2% target level. Additionally, Jefferson noted that the current policy stance is sufficient to effectively address economic developments.

1 min ago

3 mins ago

Auto Trade-In Subsidies Boost Sales, Reaching 53.77 Billion Yuan with Higher Average Car Prices

According to big data from the commerce sector, as of February 5, a total of 335,000 subsidy applications had been received for the 2026 auto trade-in policy, effectively boosting new auto sales with a total value of 53.77 billion yuan. Further observation revealed that the average price of new cars involved in the trade-in activity in January exceeded the 160,000 yuan mark, showing a significant increase compared to the previous year.

3 mins ago

4 hours ago

Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan

[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.

4 hours ago