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Home / Metal News / Will China Aluminum Inventory Decline Be Sustainable? SMM Reports

Will China Aluminum Inventory Decline Be Sustainable? SMM Reports

iconSep 12, 2017 16:26
Source:SMM
Aluminum stocks in China’s seven major markets began to fall after frequently refreshing record highs. 

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

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

What triggered the decline? Will stocks fall further?

SMM attributes the drop partly to a pick-up in downstream purchases after aluminum prices corrected down.

Some processors reopened after environmental checks came to an end in Zhejiang and Jiangsu, etc. This also allowed aluminum demand to increase, SMM explained.

However, some processors said orders are still below levels a year ago, SMM learned. 

With additional new capacity to come online in H2 2017, it remains to be seen whether stocks will keep falling, SMM noted. 

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

China aluminum stocks

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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