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China Aluminum Hit Over 4- Year High, But Price Is Still High
- Jul 18, 2017 -

Aluminum ingot stocks in China’s five major markets have reached the highest level in nearly five years,  statistics showed.As of July 14, stocks in China's major five producers totaled 1.25 million tonnes, up 30,000 tonnes on a weekly basis.Thus, today Changjiang Spot aluminum price falls slightlyn but it will bouce back soon, as the central  government is launching the "Fifth Environment Storm."

Downstream producers showed low buying interest due to falling orders, and impact from production cuts has not been felt, leading to the growth. Despite cuts in Shandong and Xinjiang, the lost supply will be filled by new legal capacity in Inner Mongolia, Guangxi and Guizhou, etc. Hence, the supply glut will persist .