China Aluminum Stocks Record Biggest Weekly Growth in Six Years, SMM Reports-Shanghai Metals Market

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China Aluminum Stocks Record Biggest Weekly Growth in Six Years, SMM Reports

SMM Insight 06:00:49PM Jul 10, 2017 Source:SMM

SHANGHAI, Jul. 10 (SMM) – Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) rose for two weeks in a row last week and registered the biggest weekly growth in six years.

Total stocks in these five regions increased 20,000 tonnes week-on-week to 1.2 million tonnes as of July 7, SMM statistics showed.

Now Is Not Time to Abandon Aluminum, SMM Advises

Weakening consumption was the main reason behind the increase, SMM explained.

Profit Expands at Chinese Aluminum Smelters, SMM Expects

SMM expects stocks to continue growing, citing weaker consumption and faster new and restarted capacity than closed capacity.

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

China Aluminum Stocks Record Biggest Weekly Growth in Six Years, SMM Reports

SMM Insight 06:00:49PM Jul 10, 2017 Source:SMM

SHANGHAI, Jul. 10 (SMM) – Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) rose for two weeks in a row last week and registered the biggest weekly growth in six years.

Total stocks in these five regions increased 20,000 tonnes week-on-week to 1.2 million tonnes as of July 7, SMM statistics showed.

Now Is Not Time to Abandon Aluminum, SMM Advises

Weakening consumption was the main reason behind the increase, SMM explained.

Profit Expands at Chinese Aluminum Smelters, SMM Expects

SMM expects stocks to continue growing, citing weaker consumption and faster new and restarted capacity than closed capacity.

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