China Aluminum Inventory to Continue Growing on Capacity Expansions, SMM Says

Published: Sep 22, 2015 09:05

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China’s aluminum stocks will grow further in October after 320,000 tonne year-on-year surge in September, SMM predicts.

SHANGHAI, Sept. 22 (SMM) – China’s aluminum stocks will grow further in October after 320,000 tonne year-on-year surge in September, SMM predicts.

New capacity will come online at faster pace heading into October, the major contributor to inventory growth, SMM’s aluminum research team said. Poor downstream consumption will be another driver.

The surge in September was because new capacity overshadowed production cuts.

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

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China aluminum inventory

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