China Aluminum Stocks Continue Growing Sharply, SMM Says

Published: Aug 10, 2017 18:21

Save

Aluminum stocks in China’s five major markets, including SHFE aluminum stocks, continued growing this week to new record highs, SMM statistics showed.

SHANGHAI, Aug. 10 (SMM) – Aluminum stocks in China’s five major markets, including SHFE aluminum stocks, continued growing this week to new record highs, SMM statistics showed.

Weiqiao Closes Illegal Aluminum Capacity? Fact Turns Out to Be Ironic!

As of August 10, stocks in Shanghai (275,000 tonnes), Wuxi (589,000 tonnes), Gongyi (94,000 tonnes), Hangzhou (90,000 tonnes) and Nanhai (325,000 tonnes) totaled 1.37 million tonnes, up 39,000 tonnes from a week ago.

Massive Output Cuts Not Enough to Reverse Oversupply in China Aluminum Market, SMM Says

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

15 mins ago

SHFE Aluminum Prices Correct, Central China Market Sees Improved Shipment Sentiment Amid Lower Premiums

[SMM Central China Spot Aluminum Midday Review] SHFE aluminum prices experienced a slight correction. Shipment sentiment in the central China market improved further today compared to the previous two days, but downstream processing enterprises preferred to purchase at lower premiums, while suppliers showed weak willingness to hold prices firm. Market quotes declined continuously, gradually shifting from a discount of 100-110 yuan/mt against the SHFE aluminum July contract before market open to a discount of around 120-140 yuan/mt against the same contract, with the mainstream transaction range being at a discount of 120-140 yuan/mt against the SHFE aluminum July contract.

15 mins ago

33 mins ago

Limited maintenance support amid persistent import pressure petroleum coke prices to stay weak short term [SMM Analysis]

Over the next 1-2 weeks, the domestic petroleum coke market is expected to mainly edge lower amid stability. Low-sulphur petroleum coke prices will face relatively greater downward pressure, while mid and high-sulphur petroleum coke may see limited declines due to rigid demand support from the prebaked anode industry. The overall market will remain in the doldrums.

33 mins ago

59 mins ago

SMM Weekly Liquid Aluminum Proportion Rises 0.16 Points WoW

[SMM Aluminum Express] This week, the SMM weekly proportion of liquid aluminum rose 0.16 percentage point WoW.

59 mins ago