China Aluminum Stocks to Exceed 1.8 Million Tonnes in Q1 2018, SMM Predicts

Published: Aug 11, 2017 15:40

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Aluminum stocks in China’s five major markets, already at an all-time high, look set to break through 1.8 million tonnes after the 2018 Chinese New Year holiday in Q1, SMM expects.

SHANGHAI, Aug. 11 (SMM) – Aluminum stocks in China’s five major markets, already at an all-time high, look set to break through 1.8 million tonnes after the 2018 Chinese New Year holiday in mid-February, SMM expects.

China Aluminum Stocks Continue Growing Sharply, SMM Says
Aluminum stocks will remain stubbornly high at above 1 million tonnes for the foreseeable future, unless there are large-scale cuts.

Weiqiao Closes Illegal Aluminum Capacity? Fact Turns Out to Be Ironic!
As of mid-July, new aluminum capacity in Inner Mongolia, Qinghai, Gansu, among other regions, were above 1.5 million tonnes, SMM estimated.

These new capacities will release output after September this year.

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China aluminum stocks

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