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Aluminum Inventories Soar 263,000 Tonnes in China’s Five Major Markets After Chinese New Year
Mar 3,2015 11:14CST
Industry News
Source: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, 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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aluminum inventory
China aluminum inventory

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