China Aluminum Stocks Return to Growth, SMM Reports

Published: Jul 4, 2017 09:47

Save

Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) returned to growth last week after falling for two weeks in a row.

SHANGHAI, Jul. 4 (SMM) – Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) returned to growth last week after falling for two weeks in a row.

Total stocks in these five regions increased 10,000 tonnes week-on-week to 1.2 million tonnes as of June 30, SMM statistics showed.

SMM Alert: East Hope Output Cut Fuels Surge in SHFE Aluminum

SMM attributes the increase to softening downstream consumption.

SMM sees further increase in aluminum stocks in July, citing growing supply and weakening demand.

Aluminum Prices to Run Out of Steam This Week, SMM Predicts

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 communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

5 mins ago

ADC12 prices generally stable with slight rise, domestic-overseas inversion continues to repair [ADC12 Price Daily Review]

[ADC12 Price Daily: ADC12 Prices Generally Stable with Slight Rise, Inverted Domestic-Overseas Spread Continues to Narrow] Quotes in the secondary aluminum alloy market predominantly held steady with a slight rise today. The SMM ADC12 price increased by 50 yuan/mt from the previous trading day to 24,050 yuan/mt. The rebound in aluminum prices and high cost-side operations remained key factors supporting enterprise quotes. Tight supply of aluminum scrap and persistently high procurement costs kept enterprises' willingness to cut prices low.

5 mins ago

2 hours ago

Futures Extend Gains, Spot Aluminum Weakens Under Pressure [SMM South China Aluminum Spot Daily Review]

2 hours ago

[SMM Aluminum Flash News] TOMRA Expands AUTOSORT™ PULSE to Stainless Steel, Heavy Metals and Magnesium Recycling

TOMRA Recycling has expanded the application of its AUTOSORT™ PULSE Dynamic LIBS sorting system beyond aluminium alloy separation to include stainless steel, heavy metals, magnesium and incinerator bottom ash (IBA). The system can sort 6xxx aluminium alloys, stainless steel grades such as 304 and 316, as well as copper, brass and zinc, enabling recyclers to process multiple material streams with one platform while improving recovery efficiency and operational flexibility.

2 hours ago