Aluminum Stocks in China Fall for Two Consecutive Weeks, SMM ReportsAuthor：Site Source：Network Click to rate：1406 Post time：2017-05-02
SHANGHAI, May 2 (SMM) – Aluminum ingot stocks in China’s five major markets, Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi, have been falling for two weeks in a row, down 12,000 tonnes on a weekly basis to 1.21 million tonnes, SMM statistics showed.
Smelters in northwest China reported lower output of aluminum ingot due to improving consumption of aluminum liquid there. This is the main reason behind overall inventory decline, SMM explained.
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