Aluminum Stocks Tumble in China Major Markets, SMM Reports

SHANGHAI, May 16 (SMM) –Aluminum ingot stocks in China’s five major markets – Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi – stopped growing and fell sharply last week.

As of May 12, total stocks in these five regions were 1.195 million tonnes, down 31,000 tonnes on a weekly basis, SMM statistics showed.

How Will Alumina Production Cut Wave Affect Aluminum Prices? SMM Reports

Smelters in northwest China reduced output of aluminum ingot in favor of aluminum liquid, the main reason behind lower inventories in consumption hubs, SMM explained.  

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