Capacity Expansions to Slow China Aluminum Inventory Declines-Shanghai Metals Market

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Capacity Expansions to Slow China Aluminum Inventory Declines

Industry News 08:48:55AM Aug 20, 2015 Source:SMM

SHANGHAI, Aug. 20 (SMM) – China’s aluminum stocks have been falling for three months running, but the pace will slow down due to robust growth in new capacity, Shanghai Metals Market notes. 

On the supply side, the scale of aluminum production cuts will be small this year due to falling production costs. Some 2-3 million tonnes of cost-effective new capacity will come on stream in H2, SMM statistics found. 

Slowing consumption will exacerbate oversupply pressure in H2, SMM’s aluminum research team said.  

The table below shows details of aluminum stocks at China’s five major markets:

QQ截图20150819153530.png

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.


Price

more
#1 Refined Cu
Oct.18
46740.0
40.0
(0.09%)
Aluminum Ingot
Oct.18
14000.0
40.0
(0.29%)
#1 Lead
Oct.18
17025.0
25.0
(0.15%)
0# Zinc
Oct.18
18880.0
-10.0
(-0.05%)
#1 Tin Ingot
Oct.18
139500.0
500.0
(0.36%)

Capacity Expansions to Slow China Aluminum Inventory Declines

Industry News 08:48:55AM Aug 20, 2015 Source:SMM

SHANGHAI, Aug. 20 (SMM) – China’s aluminum stocks have been falling for three months running, but the pace will slow down due to robust growth in new capacity, Shanghai Metals Market notes. 

On the supply side, the scale of aluminum production cuts will be small this year due to falling production costs. Some 2-3 million tonnes of cost-effective new capacity will come on stream in H2, SMM statistics found. 

Slowing consumption will exacerbate oversupply pressure in H2, SMM’s aluminum research team said.  

The table below shows details of aluminum stocks at China’s five major markets:

QQ截图20150819153530.png

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.