23 DECEMBER 2015Shanghai Metal Market
Production cuts accelerate destocking in China aluminium market
Edited by : AL CIRCLE
1 min read
Aluminium stocks in China’s five major trading markets have been falling for four weeks in a row as smelters cut production as counter measures to aluminium prices that have hit multi-year lows.
Smelters that used to ship aluminium ingots to major consumption hubs have ramped up shipment to regions with massive output cuts, SMM has learned. This resulted in lower arrivals into major trading markets. Besides, more aluminium liquid has been turned into intermediate products, such as bar and rod, also reducing ingot available for sale.
The table below shows details of aluminum stocks at China’s five major markets:
Smelters that used to ship aluminium ingots to major consumption hubs have ramped up shipment to regions with massive output cuts, SMM has learned. This resulted in lower arrivals into major trading markets. Besides, more aluminium liquid has been turned into intermediate products, such as bar and rod, also reducing ingot available for sale.
The table below shows details of aluminum stocks at China’s five major markets:
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