Aluminum Stocks in China to See Turning Point Soon, SMM Expects-Shanghai Metals Market

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Aluminum Stocks in China to See Turning Point Soon, SMM Expects

Industry News 09:51:33AM Jul 15, 2016 Source:SMM

SHANGHAI, Jul. 15 (SMM) – Aluminum stocks in China’s five major markets have been falling steadily for months, but a turning point is on the horizon, SMM predicts.

In fact, the inventory decline has been slowing down in recent weeks, and stocks were down a mere 9,000 tonnes as of July 14, SMM data showed.

Chalco Puts Its Biggest Bauxite Mine into Operation

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

Jul. 7

111

75

17

68

21

292

Jul. 14

111

73

15

57

27

283

Change

0

-2

-2

-11

+6

-9

Chalco Cuts Aluminum Prices in Major Markets for Three Consecutive Days on July 15

Aluminum Prices to Extend Gains as Stocks Hit Nearly 7-Year Low, SMM Says

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


Aluminum Stocks in China to See Turning Point Soon, SMM Expects

Industry News 09:51:33AM Jul 15, 2016 Source:SMM

SHANGHAI, Jul. 15 (SMM) – Aluminum stocks in China’s five major markets have been falling steadily for months, but a turning point is on the horizon, SMM predicts.

In fact, the inventory decline has been slowing down in recent weeks, and stocks were down a mere 9,000 tonnes as of July 14, SMM data showed.

Chalco Puts Its Biggest Bauxite Mine into Operation

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

Jul. 7

111

75

17

68

21

292

Jul. 14

111

73

15

57

27

283

Change

0

-2

-2

-11

+6

-9

Chalco Cuts Aluminum Prices in Major Markets for Three Consecutive Days on July 15

Aluminum Prices to Extend Gains as Stocks Hit Nearly 7-Year Low, SMM Says

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