Sun, May 11, 2025
Aluminum stockpiles in the main trading regions in China have climbed to the highest level in two years as growth in supply outpaces demand in the world's largest user, according to two industry surveys.
Reserves in Shanghai, Wuxi and Hangzhou, and in Guangdong provinces gained to about 940,000 metric tons as of Oct 22, the highest since September 2010, according to Wen Junxiang, head of the research department at Guangzhou KT Commodity Information & Consulting Co. Stockpiles more than doubled this year to about 1 million tons, the largest since July 2010, said Zhang Chenguang, an analyst at data provider SMM Information & Technology Co.
The estimates add to signs of a glut as new capacity, especially in the West, helps boost output to the highest ever even as China's manufacturing shrinks. Aluminum in London has dropped 12 percent over the past year, and Alcoa Inc, the largest US producer, cut its forecast for global demand growth this month as China's economy slowed.
China Daily-Agencies
|
Comments (English only) View Comments
Messages that harass,abuse or threaten others;have obscene or otherwise objectionable content;have commercial or advertising content or links may be removed.
Comments: (
 Copyright 1995 -
. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
FOLLOW US
 |
Market flat, Japan-brand sales plummet
China initiates new exporter review for Nissan
Toyota not to close China factories
Audi: Local models, not price cuts, hold the key
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Sorry, the page you requested was not found.
Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page
Registration Number: 130349