Aluminum Stocks in China Seven Major Markets Begin to Fall from Peak, SMM Says

Published: Sep 12, 2017 11:46

Save

Aluminum stocks in China’s seven major markets began to fall after frequently refreshing record highs, SMM statistics showed.

SHANGHAI, Sept. 12 (SMM) – Aluminum stocks in China’s seven major markets began to fall after frequently refreshing record highs, SMM statistics showed.

New Aluminum Capacity to Partly Fill Supply Gap from Supply-Side Reform? SMM Reports

Details are shown in the table below:

Date	Shanghai	Wuxi	Nanhai	Hangzhou	Gongyi	Tianjin	Chongqing	Total
Sept. 7	295	677	376	98	119	51	25	1641
Sept. 11	297	662	369	90	117	51	23	1609
Change	+2	-15	-7	-8	-2	0	-2	-32

Unit: 1,000 tonnes

Note: The figure includes SHFE aluminum warrants.

Will China Aluminum Inventory Decline Be Sustainable? SMM Reports

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

aluminum price china aluminum inventories

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 for 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

25 mins ago

Secondary Aluminum Market Supply-Demand Weakness Continues[Weekly Review of Aluminum Scrap and Secondary Aluminum]

[Weekly Review of Aluminum Scrap and Secondary Aluminum]Pre-Holiday Stockpiling Fell Through, Supply and Demand in Secondary Aluminum Market Both Remained Weak

25 mins ago

49 mins ago

SMM Update: SHFE Casting Aluminum Alloy Inventory Drops by 2,170 Tons on June 18

[SMM Flash] SHFE data showed that on June 18, total registered cast aluminum alloy warrants amounted to 33,785 mt, a decrease of 2,170 mt from the previous trading day. Among them, the total registered in Shanghai was 2,956 mt, a decrease of 389 mt from the previous trading day; in Guangdong, 5,622 mt, a decrease of 483 mt; in Jiangsu, 7,775 mt, an increase of 0 mt; in Zhejiang, 11,211 mt, a decrease of 817 mt; in Chongqing, 5,376 mt, a decrease of 481 mt; in Sichuan, 845 mt, an increase of 0 mt.

49 mins ago

53 mins ago

Strong Buying Sentiment in Central China Before Dragon Boat Festival, Transactions Active but Prices Weak

On the last day before the Dragon Boat Festival, downstream processing enterprises in central China showed strong buying sentiment. Overall market transactions were relatively active, but actual transaction prices were relatively weak. Traders holding goods tended to sell in large quantities before the festival to mitigate the risk of price changes during the holiday period. Ultimately, the actual transaction price range in the Central China market centered around a discount of 70-100 yuan/mt against the SHFE aluminum July contract.

53 mins ago