SHANGHAI, Apr. 5 (SMM) – Aluminum stocks continued falling significantly in China’s five major markets, SMM says.
More ingots flowed to central and southwest China from northwest China. Smelters in northwest China increased shipment of aluminum liquid, also reducing the amount of ingots available for sale.
It will take about six weeks for aluminum stocks in China’s five major markets to fall to 400,000-500,000 tonnes at current destocking pace, SMM expects.
The table below shows details of aluminum stocks at China’s five major markets:
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