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China Aluminum Inventory Growth to Accelerate, SMM Says
Jun 12, 2017 14:06Source:SMM
Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) increased for two weeks in a row last week and will continue growing, SMM expects.
SHANGHAI, Jun. 12 (SMM) – Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) increased for two weeks in a row last week and will continue growing, SMM expects.
Softening consumption in the off-season, combined with increasing new and restarted capacity, will add to market supply, SMM explains.
Collections of 2017-2018 Aluminum Price Forecasts by Global Major Research Firms
Stocks in these five regions totaled 1.21 million tonnes as of June 9, up 15,000 tonnes from June 2, SMM statistics showed.
Chalco Cuts Aluminum Prices across Major Markets on June 12
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China aluminum stocks
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