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Aluminum Stocks in China Still in Downward Track, SMM Says
Jul 29, 2016 09:48Aluminum stocks in China’s five major markets are still on the decline even after touching 7-year low, SMM data showed.
SHANGHAI, Jul. 29 (SMM) – Aluminum stocks in China’s five major markets are still on the decline even after touching 7-year low, SMM data showed.
Arrivals remained low, and warehouse withdrawals were relatively strong, SMM learned. Some smelters said there are a large amount of ingots still on the way to south and east China.
Yunnan Aluminum Targets 100% Self-Sufficiency Rate for Alumina by 2020
The table below shows details of aluminum stocks at China’s five major markets:
Unit: 1,000 tonne
Date | Shanghai | Wuxi | Nanhai | Hangzhou | Gongyi | Total |
Jul. 21 | 106 | 77 | 59 | 13 | 19 | 274 |
Jul. 28 | 96 | 75 | 50 | 12 | 13 | 246 |
Change | -10 | -2 | -9 | -1 | -6 | -28 |
Chalco Hikes Aluminum Prices Significantly in Major Markets on July 29
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
china aluminum stocks
aluminum prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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