Aluminum Stocks Tumble in China Major Markets, SMM Reports

Published: May 16, 2017 09:53

Save

Aluminum ingot stocks in China’s five major markets – Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi – stopped growing and fell sharply last week.

SHANGHAI, May 16 (SMM) –Aluminum ingot stocks in China’s five major markets – Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi – stopped growing and fell sharply last week.

As of May 12, total stocks in these five regions were 1.195 million tonnes, down 31,000 tonnes on a weekly basis, SMM statistics showed.

How Will Alumina Production Cut Wave Affect Aluminum Prices? SMM Reports

Smelters in northwest China reduced output of aluminum ingot in favor of aluminum liquid, the main reason behind lower inventories in consumption hubs, SMM explained.

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

China aluminum stocks

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

3 hours ago

Cost Pressure Continued to Intensify, June Aluminum Fluoride Tender Price Cut Implemented [SMM Fluoride Salt Weekly Review]

3 hours ago

China's Aluminum Industry Faces Mixed Fortunes: Exports Buoy Weak Domestic Demand Amid Cost Pressures

3 hours ago

Export Demand Offsets Weak Domestic Consumption, China Aluminum Prices Expected to Fluctuate in the Short Term [SMM Aluminum Price Weekly Review]

[SMM Aluminum Price Weekly Review: Export Demand Offsets Weak Domestic Consumption, China Domestic Aluminum Prices Expected to Fluctuate and Adjust in the Short Term]

3 hours ago