According to report, Chinese primary aluminum stock dropped across eight major consumption regions in China. Quantities dropped by 45,000 tons from October 18th to 1.5 million tons roughly. High costs and cash flows issue made the domestic makers to slash the production as well as the inventories.
Also, the aluminum ingot price also dropped on October 25th after a little rise yesterday. Average price dropped by RMB 50/ton to RMB 14,140 tons. Therefore, the average prices ranged from RMB 14,120/ton to RMB 14,160/ton. And price at major regions also dropped today.
Inventories of aluminum billet also dropped all regions in China as purchase rise in most regions. Inventory of 6063 aluminum billets slid by 6,500 tons from last week.
Chinese aluminum stock down due to lower production
26 Oct 2018 15:04 reported by Judy Lin
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