Home / Metal News / China Aluminum Market Destocking Unexpectedly Accelerates in Off-Season, SMM Reports

China Aluminum Market Destocking Unexpectedly Accelerates in Off-Season, SMM Reports

iconJun 27, 2017 10:45
Source:SMM
Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) fell at a faster pace last week, despite the ongoing off-season.  

SHANGHAI, Jun. 27 (SMM) – Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) fell at a faster pace last week, despite the ongoing off-season.  

Aluminum extrusion and alloy producers in Guangdong reduced aluminum scrap use in favor of aluminum ingot and billet against environmental protection checks, allowing local aluminum ingot stocks to fall sharply. This dragged down total stocks in domestic five major markets, SMM explained. 

MIIT Brings Major Chinese Aluminum Smelters and CNIA Together to Discuss Industry Issues

Stocks in these five regions totaled 1.19 million tonnes as of June 23, down 17,000 tonnes from June 16, SMM statistics showed.   

Guinea Boasts as China’s Top Bauxite Supplier for Two Consecutive Months

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

China aluminum stocks
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news