SMM Expands Statistics Sample of China Aluminum Stocks -Shanghai Metals Market

Hot Keywords

  • Zinc
  • Inventory data
  • Rare earth
  • Copper scrap
  • Copper
  • Market commentary
  • SMM
  • Morning comments
  • Evening comments
  • Aluminium
  • MMi Iron Ore Port Index
  • Cobalt
  • Futures movement
  • price forecast
  • Environmental protection drive

SMM Expands Statistics Sample of China Aluminum Stocks 

SMM Insight 02:54:06PM Aug 18, 2017 Source:SMM

SHANGHAI, Aug. 18 (SMM) – Starting from August 17, 2017, SMM has added Chongqing and Tianjin to its statistics sample of China aluminum stocks and has included stocks in Luoyang and Zhengzhou into those in Gongyi. 

Two reasons were behind the change. 

Aluminum Stocks Surge in China Seven Major Markets, SMM Says

First, China’s aluminum output grows dramatically. Aluminum producing and consumption regions are shifting from southeast China’s coastal areas toward inland areas and north China. Warehouses in traditional consumption hubs have become saturated, so aluminum ingot flows have changed. In response, the SHFE has approved three aluminum ingot delivery warehouses in Tianjin, two aluminum ingot delivery warehouses in Chongqing, two aluminum ingot delivery warehouses in Luoyang and one aluminum ingot delivery warehouse in Zhengzhou, effective from February 16, 2017.    

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

Second, aluminum ingot stocks grew significantly in Tianjin, Chongqing, Luoyang and Zhengzhou recently. Those in Tianjin rose to 50,000 mt on August 17, up 233% from 15,000 mt a year ago, and those in Chongqing rose to above 10,000 mt. 

Tianjin includes three delivery warehouses, namely Quancheng Logistics warehouse, Guochu 833 warehouse and CMST warehouse, as well as two non-delivery warehouses, namely Tianjin Taida warehouse and Yishang Trust warehouse. Chongqing includes two delivery warehouses, namely Chongqing Guochu warehouse and Chongqing Zhongji warehouse. Luoyang includes two delivery warehouses, namely Guochu warehouse and CMST warehouse. Zhengzhou includes CMST delivery warehouse.      

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

Key Words:  China aluminum stocks    
Relative News

Price

more
Aluminum Ingot
Jun.19
13900.0
50.0
(0.36%)
Aluminum Ingot - Fo Shan
Jun.19
13980.0
60.0
(0.43%)
Aluminum Ingot - Wu Xi
Jun.19
13895.0
45.0
(0.32%)
Aluminum Ingot - Hang Zhou
Jun.19
13905.0
30.0
(0.22%)
Aluminum Ingot - Chong Qing
Jun.19
13890.0
10.0
(0.07%)

SMM Expands Statistics Sample of China Aluminum Stocks 

SMM Insight 02:54:06PM Aug 18, 2017 Source:SMM

SHANGHAI, Aug. 18 (SMM) – Starting from August 17, 2017, SMM has added Chongqing and Tianjin to its statistics sample of China aluminum stocks and has included stocks in Luoyang and Zhengzhou into those in Gongyi. 

Two reasons were behind the change. 

Aluminum Stocks Surge in China Seven Major Markets, SMM Says

First, China’s aluminum output grows dramatically. Aluminum producing and consumption regions are shifting from southeast China’s coastal areas toward inland areas and north China. Warehouses in traditional consumption hubs have become saturated, so aluminum ingot flows have changed. In response, the SHFE has approved three aluminum ingot delivery warehouses in Tianjin, two aluminum ingot delivery warehouses in Chongqing, two aluminum ingot delivery warehouses in Luoyang and one aluminum ingot delivery warehouse in Zhengzhou, effective from February 16, 2017.    

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

Second, aluminum ingot stocks grew significantly in Tianjin, Chongqing, Luoyang and Zhengzhou recently. Those in Tianjin rose to 50,000 mt on August 17, up 233% from 15,000 mt a year ago, and those in Chongqing rose to above 10,000 mt. 

Tianjin includes three delivery warehouses, namely Quancheng Logistics warehouse, Guochu 833 warehouse and CMST warehouse, as well as two non-delivery warehouses, namely Tianjin Taida warehouse and Yishang Trust warehouse. Chongqing includes two delivery warehouses, namely Chongqing Guochu warehouse and Chongqing Zhongji warehouse. Luoyang includes two delivery warehouses, namely Guochu warehouse and CMST warehouse. Zhengzhou includes CMST delivery warehouse.      

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

Key Words:  China aluminum stocks