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Aluminum Stocks in China to Stay Persistently High, SMM Expects
May 8,2017 11:42CST
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Source: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.

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.
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