SHANGHAI, Jul. 27 (SMM) – Aluminum stocks in China’s five major markets, including SHFE aluminum stocks, continued growing even after hitting near five-year high, SMM statistics showed.
Will Aluminum Prices Soar from China’s “Category 7” Scrap Metal Import Ban? SMM Reports
As of July 27, stocks in Shanghai (278,000 tonnes), Wuxi (535,000 tonnes), Gongyi (88,000 tonnes), Hangzhou (86,000 tonnes) and Nanhai (296,000 tonnes) totaled 1.28 million tonnes, up 26,000 tonnes from a week ago.
SMM Aluminum Price Outlook for Q3 and Q4 2017
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