Aluminum Inventories Soar 263,000 Tonnes in China’s Five Major Markets After Chinese New Year

Published: Mar 3, 2015 11:14

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Aluminum inventories across China’s five major markets soared 263,000 tonnes after the Chinese New Year holiday, as shipments continued to arrive while consumption stalled during the holiday.

SHANGHAI, Mar. 3 (SMM) – Aluminum inventories across China’s five major markets soared 263,000 tonnes after the Chinese New Year holiday, as shipments continued to arrive while consumption stalled during the holiday, Shanghai Metals Market statistics showed.

Bankruptcy of some extruders and hopes of lower prices will hurt aluminum consumption, so aluminum inventories at the five regions are expected to continue rising for the foreseeable future, SMM foresees.

(Unit: 1,000 tonnes)

Date	Shanghai	Wuxi	Hangzhou	Nanhai	Gongyi	Total
2014/2/12	285	263	25	72	40	685
2014/2/26	325	400	42	139	42	948
Change	+4.0	+137	+17	+67	+2	+263

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