Home / Metal News / Aluminium / Aluminium inventory to climb further post-CNY
Aluminium inventory to climb further post-CNY
Feb 14,2018 09:02CST
data analysissmm insight
Source:SMM
China’s aluminium inventory after Chinese New Year may continue to go up to 2.1 million mt and the price of the lightweight metal is set to trade in a wider range, SMM believes.

SHANGHAI, Feb 14 (SMM) – China’s aluminium inventory after Chinese New Year may continue to go up to 2.1 million mt and the price of the lightweight metal is set to trade in a wider range, SMM believes.

Earlier this week, SMM data showed that the country’s aluminium inventory hit a record high at 1.81 million mt due to weak consumption ahead of the week-long holiday. We believe the increase has been seasonal, and this has contributed to the decline in SHFE aluminium prices since the start of the year.  

While fundamentally there is more bullishness in the overseas market than in the Chinese domestic market, increasing aluminium exports from China last month may create uncertainties over the destocking process.  

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn 

aluminium

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news