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Aluminum Stocks in China Fall for Two Consecutive Weeks, SMM Reports
May 2, 2017 13:49Source:SMM
Aluminum ingot stocks in China’s five major markets, Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi, have been falling for two weeks in a row, down 12,000 tonnes on a weekly basis to 1.21 million tonnes,
SHANGHAI, May 2 (SMM) – Aluminum ingot stocks in China’s five major markets, Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi, have been falling for two weeks in a row, down 12,000 tonnes on a weekly basis to 1.21 million tonnes, SMM statistics showed.
Smelters in northwest China reported lower output of aluminum ingot due to improving consumption of aluminum liquid there. This is the main reason behind overall inventory decline, SMM explained.
Aluminum Prices to Struggle Around Moving Averages This Week, SMM Foresees
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China aluminum stocks
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