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THINK ALUMINIUM THINK AL CIRCLE
Aluminium stocks in five major markets of China soared 53,000 tonnes in August, the biggest growth trend in nearly five months, showed statistics provided by the Shanghai Metals Market (SMM).
According to the analysts, the new and restarted aluminium smelters will keep adding to the metal supply in September and downstream aluminium consumption will continue to recover. It is expected that aluminium stocks would extend their upward trend.
The below table shows aluminium stock details in five major Chinese markets:
Unit: 1,000 tonne
Aluminium prices in China major markets pared down
China Aluminum International Trading Co. (Chalco Trading), a full subsidiary under Chalco responsible for alumina and aluminium sales, axed aluminium prices it offered in major China markets today (September 5) after raising them the last trading day, it informed market watchers on its WeChat.
The table below shows the price details:
Unit: yuan/tonne 
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