China Aluminum Stocks Record Biggest Growth since Mid-March, SMM Says

Published: Aug 12, 2016 09:41

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Aluminum stocks in China’s five major markets began growing for the second time in nearly five months and saw their biggest weekly growth since mid-March, SMM data showed.

SHANGHAI, Aug. 12 (SMM) – Aluminum stocks in China’s five major markets began growing for the second time in nearly five months and saw their biggest weekly growth since mid-March, SMM data showed.

It needs to be pointed out, though, that total stocks remain the lowest since March 2009 and down as much as 750,000 tonnes from last August, SMM added.

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In the short term, total stocks in these five markets will continue growing. But, the pace will be slow, due to slow output release, growing ratio of aluminum liquid use, as well as production halts at some smelters, SMM noted.

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The table below shows details of aluminum stocks at China’s five major markets:

Unit: 1,000 tonne

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China aluminum stocks aluminum prices

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