SHANGHAI, Dec. 28 (SMM) – Production cuts and improving demand have allowed aluminum stocks in China’s five major trading markets to fall for six consecutive weeks, SMM learns.
It should be noted, though, that aluminum stocks in major trading markets are likely to fall at a slower pace in the future, SMM aluminum analyst pointed out. Downstream demand has shown signs of softening and more aluminum ingots will flow out of Inner Mongolia into main consumption hubs, the analyst explained.
The table below shows details of aluminum stocks at China’s five major markets:
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