SHANGHAI, May 23 (SMM) –Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) fell for two weeks in a row last week, due mainly to low arrivals, SMM found.
Aluminum liquid consumption continued growing in Xinjiang, Gansu, Qinghai and Shandong. Capacity restarts and new capacity commissioning boosted consumption of aluminum bus bar. As such, aluminum ingot output dropped, SMM explained.
As of May 22, aluminum ingot stocks in these five major markets totaled 1.17 million tonnes, SMM statistic showed.
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