SHANGHAI, Sept. 22 (SMM) – China’s aluminum stocks will grow further in October after 320,000 tonne year-on-year surge in September, SMM predicts.
New capacity will come online at faster pace heading into October, the major contributor to inventory growth, SMM’s aluminum research team said. Poor downstream consumption will be another driver.
The surge in September was because new capacity overshadowed production cuts.
The table below shows details of aluminum stocks at China’s five major markets:
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