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

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

SMM Insight 10:45:22AM Jun 27, 2017 Source:SMM

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.
 

Key Words:  China aluminum stocks    
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China Aluminum Market Destocking Unexpectedly Accelerates in Off-Season, SMM Reports

SMM Insight 10:45:22AM Jun 27, 2017 Source:SMM

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.
 

Key Words:  China aluminum stocks