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Home / Metal News / Will China Aluminum Stocks Fall Further or Return To Growth? SMM Reports

Will China Aluminum Stocks Fall Further or Return To Growth? SMM Reports

iconApr 26, 2017 18:43
Source:SMM
Aluminum ingot stocks in China’s five major markets – Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi, fell to 1.22 million tonnes in the week ending April 21 after continuous growth.

SHANGHAI, Apr. 26 (SMM) – Aluminum ingot stocks in China’s five major markets – Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi, fell to 1.22 million tonnes in the week ending April 21 after continuous growth. Is the recent decline only temporary or signal further fall on the way?

SMM expects overall inventories to return to growth territory in the near future, considering still high capacity in operation nationwide.

Profit Expands at Chinese Aluminum Smelters, SMM Says
   
Relatively strong downstream consumption contributed to the overall decline in inventories. Some aluminum ingots flowed into warehouses in Shandong’s Linyi, Chongqing and Tianjin. Improved aluminum liquid consumption at processors located near aluminum smelters also constrained aluminum ingot shipments. These factors also helped drive down overall inventories, SMM explained.

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

China aluminum stocks

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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