China Aluminum Stocks to Stay Persistently High, SMM Expects-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Futures movement
  • Zinc
  • Aluminium
  • hydrogenation stations
  • Nickel
  • Copper
  • Market commentary
  • nickel laterite
  • In the United States
  • Morning comments
  • Nickel ore

China Aluminum Stocks to Stay Persistently High, SMM Expects

SMM Insight 05:58:16PM Jun 02, 2017 Source:SMM

SHANGHAI, Jun. 2 (SMM) –Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) increased 23,000 tonnes on a weekly basis and will remain at current highs for the foreseeable future, SMM predicts.

Goods kept arriving during the Dragon Boat Festival, while downstream purchases came to a virtual halt during the holiday, causing stocks to grow, SMM explained. 

Where Chalco and Hongqiao Lie in Forbes’ List of Top 2000 Firms?

Aluminum ingot output in northwest China will remain stable in the short term, while consumption of intermediate products, such as rod, billet, and finished products, has shown signs of weakening. 

Release of new and restarted capacity has added to market supply. 

Looming Production Restarts to Pressure Alumina Prices, SMM Reports

As such, overall stocks will stay high.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

Key Words:  China aluminum stocks    
Relative News

Price

more
Aluminum Ingot
Oct.21
13960.0
-40.0
(-0.29%)
Aluminum Ingot - Fo Shan
Oct.21
13920.0
-40.0
(-0.29%)
Aluminum Ingot - Wu Xi
Oct.21
13970.0
-30.0
(-0.21%)
Aluminum Ingot - Hang Zhou
Oct.21
13995.0
-45.0
(-0.32%)
Aluminum Ingot - Chong Qing
Oct.21
13950.0
-30.0
(-0.21%)

China Aluminum Stocks to Stay Persistently High, SMM Expects

SMM Insight 05:58:16PM Jun 02, 2017 Source:SMM

SHANGHAI, Jun. 2 (SMM) –Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) increased 23,000 tonnes on a weekly basis and will remain at current highs for the foreseeable future, SMM predicts.

Goods kept arriving during the Dragon Boat Festival, while downstream purchases came to a virtual halt during the holiday, causing stocks to grow, SMM explained. 

Where Chalco and Hongqiao Lie in Forbes’ List of Top 2000 Firms?

Aluminum ingot output in northwest China will remain stable in the short term, while consumption of intermediate products, such as rod, billet, and finished products, has shown signs of weakening. 

Release of new and restarted capacity has added to market supply. 

Looming Production Restarts to Pressure Alumina Prices, SMM Reports

As such, overall stocks will stay high.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

Key Words:  China aluminum stocks