According to report, as Chinese primary aluminum inventory rose over the weekend across eight main markets, the price dropped today as Shanghai Metal Market (SMM) data presented.
The inventory went up to 1.82 million tons ended July 16th as inventory on July 12th was 1.8 million tons, but still lower than inventory on July 9th of 1.83 million tons. Although the total inventory went up, inventories declined in some cities such as Gongyi and Henan, Tianjin, Chongqing, Linyi and Shandong.
The A00 aluminium ingot spot price dropped today as the price was down by RMB 100/ton. The current average prices were expected to be around RMB 13,850-13,890/ton.
Chinese aluminum price slightly down on inventory rise
16 Jul 2018 17:40 reported by Judy Lin
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