SHANGHAI, May 3 (SMM) – Aluminum stocks continued falling significantly in China’s five major markets, SMM reports.
SMM learned from many warehouses that load-out shipments, though down slightly, were still higher than load-in shipments, allowing stocks to fall steadily.
SMM expects aluminum stocks in these five regions to continue falling in May.
LME Aluminum to Find Rising Strength from SHFE Aluminum, SMM Expects
The table below shows details of aluminum stocks at China’s five major markets:
Unit: 1,000 tonne
Date | Shanghai | Wuxi | Hangzhou | Gongyi | Nanhai | Total | |
Apr. 21 | 280 | 190 | 48 | 16 | 145 | 679 | |
Apr. 28 | 262 | 175 | 48 | 14 | 126 | 625 | |
Change | -18 | -15 | 0 | -2 | -19 | -54 | |
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