China Aluminum Stocks Hit Record High, SMM Reports

Published: Jul 31, 2017 12:26

Save

Aluminum ingot stocks in China’s five major markets rose for five weeks in a row to hit a new record high last week, SMM statistics showed.

SHANGHAI, Jul. 31 (SMM) – Aluminum ingot stocks in China’s five major markets rose for five weeks in a row to hit a new record high last week, SMM statistics showed.

Will Aluminum Prices Soar from China’s “Category 7” Scrap Metal Import Ban? SMM Reports

As of July 28, aluminum ingot stocks in Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi, reached 1.28 million tonnes.

Rusal Sees Additional Massive Aluminum Closures in China Before End of 2017

The off-season and high prices dampened downstream buying interest, the main reason behind inventory growth, SMM explained.

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 to learn 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

8 hours ago

Macro sentiment still shows no significant improvement, aluminum prices remain in the doldrums [SMM Aluminum Weekly Review]

[SMM Aluminum Weekly Review: Macro Sentiment Remains Lackluster, Aluminum Prices in the Doldrums]

8 hours ago

Supply Sufficient and Demand Weak, Aluminum Fluoride Market Operates Steadily [SMM Fluoride Salt Weekly Review]

8 hours ago

9 hours ago

Indonesia's Danantara Takes Full Control of Samarinda Waste-to-Energy Plant Project

[SMM Aluminum Express News] Indonesia's sovereign wealth fund Danantara (Badan Pengelola Investasi Daya Anagata Nusantara) has taken full control of the strategic PLTSa (waste-to-energy power plant) project in Samarinda, East Kalimantan. Head of Samarinda PUPR Office Desy Damayanti stated that per the latest 2026 central government regulation, local governments can no longer pursue independent agreements with investors, all PLTSa projects must go through Danantara as a single gateway. This centralization ensures uniform technology standards, financing schemes, and national oversight across Indonesia. It automatically cancels Samarinda's prior negotiations with a South Korean investor.

9 hours ago