China Aluminum Inventory to Continue Growing on Capacity Expansions, SMM Says-Shanghai Metals Market

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

Industry News 09:05:15AM Sep 22, 2015 Source:SMM

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:

QQ截图20150922090650.png

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


Price

more
#1 Refined Cu
Nov.12
47125.0
-50.0
(-0.11%)
Aluminum Ingot
Nov.12
13910.0
-190.0
(-1.35%)
#1 Lead
Nov.12
15850.0
-250.0
(-1.55%)
0# Zinc
Nov.12
18770.0
140.0
(0.75%)
#1 Tin Ingot
Nov.12
136750.0
-750.0
(-0.55%)

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

Industry News 09:05:15AM Sep 22, 2015 Source:SMM

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:

QQ截图20150922090650.png

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