SHANGHAI, Jun. 6 (SMM) –Aluminum capacity restarts in China will continue increasing, but far from enough to fill in the supply gap caused by massive closures late last year, SMM understands.
SMM estimates the amounts of restarted aluminum capacity in China at 400,000-500,000 tonnes during June-July. The amount of new aluminum capacity will depend on aluminum price movement.
As of June 2, aluminum stocks in China’s five major markets were down some 200,000 tonnes from the end of April and down as much as 714,000 tonnes from the same period last year, SMM statistics showed.
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