SHANGHAI, Aug. 7 (SMM) –Aluminum ingot stocks in China’s five major markets have been frequently refreshing record highs over the past month. When will stocks reach a peak and begin falling back?
China Aluminum Stocks Surge Again After Hitting All-Time High, SMM Says
Capacity cuts have totaled 2 million tonnes, SMM statistics showed. New capacity will not come on stream on a large scale until after September. August is still the off-season.
SMM Data: China Aluminum Output Jumps in July
In this context, aluminum stocks should reach a peak in the first half of September, SMM estimates. SMM sees a good chance for aluminum market to destock slightly in Q4 this year.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
