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.
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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.
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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.
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