Aluminum Stocks in Major Chinese Markets Fall for Three Consecutive Weeks-Shanghai Metals Market

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Aluminum Stocks in Major Chinese Markets Fall for Three Consecutive Weeks

Industry News 09:05:18AM Dec 08, 2015 Source:SMM

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:

1.png

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


Price

more
#1 Refined Cu
Dec.11
48485.0
65.0
(0.13%)
Standard-Grade Copper
Dec.11
48475.0
65.0
(0.13%)
High-Grade Copper
Dec.11
48490.0
60.0
(0.12%)
Guixi Copper
Dec.11
48495.0
60.0
(0.12%)
Low-Quality Copper
Dec.11
48430.0
75.0
(0.16%)

Aluminum Stocks in Major Chinese Markets Fall for Three Consecutive Weeks

Industry News 09:05:18AM Dec 08, 2015 Source:SMM

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:

1.png

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