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.
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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 |
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