China Aluminum Stocks Return to Growth, SMM Reports

SHANGHAI, Jul. 4 (SMM) – Aluminum ingot stocks in China’s five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) returned to growth last week after falling for two weeks in a row.

Total stocks in these five regions increased 10,000 tonnes week-on-week to 1.2 million tonnes as of June 30, SMM statistics showed.

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SMM attributes the increase to softening downstream consumption.  

SMM sees further increase in aluminum stocks in July, citing growing supply and weakening demand.

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