China Aluminum Stocks Hit Record High, SMM Reports

Published: Jul 31, 2017 12:26

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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.

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China aluminum stocks

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