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Home / Metal News / Aluminum Stocks in China to Stay Persistently High, SMM Expects

Aluminum Stocks in China to Stay Persistently High, SMM Expects

iconMay 8, 2017 11:42
Aluminum ingot stocks in China’s five major markets, Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi, will stay persistently high for the foreseeable future, SMM predicts.

SHANGHAI, May 8 (SMM) – Aluminum ingot stocks in China’s five major markets, Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi, will stay persistently high for the foreseeable future, SMM predicts.

Despite peak-demand season for aluminum consumption, destocking is slower than expected, SMM learned.

SHFE Aluminum to Perform Better than LME Aluminum, SMM Predicts

As of May 5, aluminum ingot stocks in these five major markets totaled 1.23 million tonnes, up 20,000 tonnes on a weekly basis, SMM statistics showed.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

China aluminum stocks
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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