China Aluminum Inventories Grow further, SMM Says

Published: Aug 28, 2017 16:50
Aluminum inventories in China’s seven major markets keep growing, SMM statistics showed.

SHANGHAI, Aug. 28 (SMM) – Aluminum inventories in China’s seven major markets keep growing, SMM statistics showed. 

Bulls Watch Out: Aluminum Stocks in China Exceed 1.5 Million Tonnes, SMM Warns

Inventories in the seven markets totaled 1.56 million tonnes as of August 28, up another 29,000 tonnes from the level seen on Aug. 24, with details in the table below.

Date

Shanghai

Wuxi

Hangzhou

Nanhai

Gongyi

Tianjin

Chongqing

Aug. 28

278

644

94

350

119

50

24

Unit: 1,000 tonnes
Note: The figure includes SHFE aluminum warrants.

SMM Analysis of Air Pollution Comprehensive Treatment Action Program in Beijing-Tianjin-Hebei and Surrounding Regions during Autumn and Winter 2017-2018

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

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
Qatar Production-Cut News Boosts Prices; Overnight LME Aluminum and SHFE Aluminum Both Close Higher [SMM Aluminum Morning Meeting Minutes]
2 hours ago
Qatar Production-Cut News Boosts Prices; Overnight LME Aluminum and SHFE Aluminum Both Close Higher [SMM Aluminum Morning Meeting Minutes]
Read More
Qatar Production-Cut News Boosts Prices; Overnight LME Aluminum and SHFE Aluminum Both Close Higher [SMM Aluminum Morning Meeting Minutes]
Qatar Production-Cut News Boosts Prices; Overnight LME Aluminum and SHFE Aluminum Both Close Higher [SMM Aluminum Morning Meeting Minutes]
[SMM Aluminum Morning Meeting Minutes: Qatar Production-Cut News Provided a Boost; Overnight LME Aluminum and SHFE Aluminum Both Closed Higher] Overall, aluminum prices showed a trajectory of falling first and then rising around the Chinese New Year, and SHFE aluminum is expected to hold up well in the short term.
2 hours ago
Overnight, cast aluminum alloy futures fluctuated and closed higher; spot cargo held up well [SMM Cast Aluminum Alloy Morning Comment]
2 hours ago
Overnight, cast aluminum alloy futures fluctuated and closed higher; spot cargo held up well [SMM Cast Aluminum Alloy Morning Comment]
Read More
Overnight, cast aluminum alloy futures fluctuated and closed higher; spot cargo held up well [SMM Cast Aluminum Alloy Morning Comment]
Overnight, cast aluminum alloy futures fluctuated and closed higher; spot cargo held up well [SMM Cast Aluminum Alloy Morning Comment]
[SMM Cast Aluminum Alloy Morning Comment: Overnight Cast Aluminum Alloy Futures Fluctuated and Closed Higher; Spot Cargo Held Up Well] Overnight, the cast aluminum alloy 2604 contract showed a fluctuating trend, dipping first and then rising. After the open, prices quickly fell to an intraday low of 22,765 yuan/mt, then bottomed out and rebounded, fluctuating upward. During the session, the tug-of-war between longs and shorts was intense, with prices repeatedly seesawing; toward the close, prices gradually moved higher, recouping most of the losses. It ultimately closed up 1.49% at 23,090 yuan/mt.
2 hours ago
QatarEnergy to Suspend Production of Certain Downstream LNG Products
15 hours ago
QatarEnergy to Suspend Production of Certain Downstream LNG Products
Read More
QatarEnergy to Suspend Production of Certain Downstream LNG Products
QatarEnergy to Suspend Production of Certain Downstream LNG Products
QatarEnergy announced in a news release on its official website that, after deciding to halt production of liquefied natural gas (LNG) and its related products, the company will also suspend production of certain downstream products within Qatar, specifically including urea, polymers, methanol, and aluminum.
15 hours ago
China Aluminum Inventories Grow further, SMM Says - Shanghai Metals Market (SMM)