SHANGHAI, Dec. 8 (SMM) – Aluminum stocks in China’s five major trading markets fell for three weeks in a row as of December 3 as production cuts begin yielding fruit, SMM understands.
Smelters that used to ship aluminum ingots to major consumption hubs now prefer to ship goods to regions where aluminum capacity was cut on a large scale, SMM has learned. This resulted in lower arrivals into major trading markets.
The table below shows details of aluminum stocks at China’s five major markets:
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