Don’t Get Tricked by Falling Aluminum Stocks in China, SMM Says -Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • hydrogen stations
  • Copper
  • thép
  • Macroeconomics
  • Aluminium
  • Stainless steel
  • Production data
  • Mengtai Group
  • Market commentary
  • Lithium
  • Iron ore
  • Shanghai Nickel spot

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

SMM Insight 04:38:38PM Jun 19, 2017 Source:SMM

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. 

Bauxite in Shanxi to Sustain Local Alumina Production for at Least 10 Years, SMM Survey

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.
 

Key Words:  China aluminum stocks    
Relative News

Price

more
Aluminum Ingot
Oct.11
13970.0
-30.0
(-0.21%)
Aluminum Ingot - Fo Shan
Oct.11
13970.0
-30.0
(-0.21%)
Aluminum Ingot - Wu Xi
Oct.11
13970.0
-20.0
(-0.14%)
Aluminum Ingot - Hang Zhou
Oct.11
13980.0
-30.0
(-0.21%)
Aluminum Ingot - Chong Qing
Oct.11
13970.0
-20.0
(-0.14%)

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

SMM Insight 04:38:38PM Jun 19, 2017 Source:SMM

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. 

Bauxite in Shanxi to Sustain Local Alumina Production for at Least 10 Years, SMM Survey

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.
 

Key Words:  China aluminum stocks