China Aluminum Stocks Return to Growth, SMM Reports

Published: Jul 4, 2017 09:47

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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

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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.

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