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.
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