When Will China Aluminum Stocks Peak After Hitting Record High? SMM Reports

Published: Aug 7, 2017 15:27

Save

Aluminum ingot stocks in China’s five major markets have been frequently refreshing record highs over the past month.

SHANGHAI, Aug. 7 (SMM) –Aluminum ingot stocks in China’s five major markets have been frequently refreshing record highs over the past month. When will stocks reach a peak and begin falling back?

China Aluminum Stocks Surge Again After Hitting All-Time High, SMM Says

Capacity cuts have totaled 2 million tonnes, SMM statistics showed. New capacity will not come on stream on a large scale until after September. August is still the off-season.

SMM Data: China Aluminum Output Jumps in July

In this context, aluminum stocks should reach a peak in the first half of September, SMM estimates. SMM sees a good chance for aluminum market to destock slightly in Q4 this year.

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

4 hours ago

China's Passenger Vehicle Sales Drop in July, NEV Exports Surge

According to CPCA data, nationwide retail sales in China’s passenger vehicle market totaled 1.461 million units in July, down 20.9% YoY. By powertrain type, retail sales of new energy vehicles reached 951,000 units, down 3.9% YoY, with the penetration rate at 65.1%; retail sales of conventional internal combustion engine vehicles were 510,000 units, down 41% YoY. In addition, passenger NEV exports performed strongly in July, reaching 540,000 units, up 147.8% YoY.

4 hours ago

AI Demand Fuels 94.1% Growth in 2026 Semiconductor Revenue, Supply Bottlenecks to Persist Until 2027

Omdia noted in a publication that, driven by AI demand continuing to outstrip global supply capability, it raised its forecast for 2026 global semiconductor market revenue growth to up 94.1% YoY. It also expects that supply bottlenecks in key areas such as high-bandwidth memory, advanced packaging, and advanced-process capacity will persist at least through 2027.

4 hours ago

China's Auto Sales Dip in July, NEVs Surpass 60% Share and Exports Soar

CAAM data showed that in July, China’s auto sales totaled 2.584 million units, edging down YoY. Among them, NEVs performed strongly, with sales reaching 1.561 million units, up 23.7% YoY, and their sales share surpassing 60% for the first time. On the export side, China exported 1.043 million units of automobiles during the month, including 553,000 units of NEVs, up 1.5 times YoY.

4 hours ago