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

Published: Aug 7, 2017 15:27

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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.

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China aluminum stocks

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