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China Aluminum Stocks Grow Slower After Hitting Nearly 5-Year High, SMM Says

Author:Site  Source:Network  Click to rate:1775  Post time:2017-07-24

SHANGHAI, Jul. 24 (SMM) –Aluminum ingot stocks in China’s five major markets rose at a slower pace after reaching their highest level in almost five years, SMM statistics showed.

Shandong to Lose Crown as China’s Only Bauxite Importing Province After 2017, SMM Predicts

As of July 21, aluminum ingot stocks in Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi, rose 9,000 tonnes week-on-week to 1.26 million tonnes.

IAI: Primary Aluminum Output Grows in China in June, But Falls Outside China

Production cuts in northwest China affected aluminum ingot shipments. A bigger share of aluminum liquid was used locally in Xinjiang to make billet, reducing ingot production. These contributed to inventory slowdown in consumption hubs, SMM explained.

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