Don’t Get Tricked by Falling Aluminum Stocks in China, SMM Says

Publicado: Jun 19, 2017 16:38

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Aluminum ingot stocks in China’s five major markets, which had been growing steadily, unexpectedly dropped 2,000 tonnes on a weekly basis last week.

SHANGHAI, Jun. 19 (SMM) – Aluminum ingot stocks in China’s five major markets, which had been growing steadily, unexpectedly dropped 2,000 tonnes on a weekly basis last week.

SMM sees the decline as temporary and expects stocks to return to growth soon.

SMM Sees Plenty of Reasons Not to Keep Aluminum in Your Portfolio

Low costs and high profit are incentivizing new and restarted capacity. SMM statistics showed aluminum capacity in operation nationwide has exceeded 38 million tonnes in June.

Downstream consumption will soften in July and August due to the traditional off-season.

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As of June 16, aluminum ingot stocks in Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi totaled 1.21 million tonnes.

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

China aluminum stocks

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

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SHFE: Cast Aluminum Alloy Warrant Volume Decreases Slightly to 21,589 mt on Sept 1

[SMM Flash] SHFE data shows that on September 1, the total registered warrant volume for cast aluminum alloy was 21,589 mt, a decrease of 29 mt from the previous trading day. Among them, the total registered volume in Shanghai was 1,625 mt, an increase of 0 mt from the previous trading day; in Guangdong, the total registered volume was 1,549 mt, a decrease of 29 mt from the previous trading day; in Jiangsu, the total registered volume was 6,909 mt, an increase of 0 mt from the previous trading day; in Zhejiang, the total registered volume was 8,982 mt, an increase of 0 mt from the previous trading day; in Chongqing, the total registered volume was 2,165 mt, an increase of 0 mt from the previous trading day; and in Sichuan, the total registered volume was 359 mt, an increase of 0 mt from the previous trading day.

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Dados: Movimento do mercado SHFE, DCE (01 de setembro)