China Aluminium Inventories Fall in October Due to Logistics
Primary aluminium production in China reached 3.879 million tonnes in October, driving the casting volume to 873,000 tonnes. Despite this, social inventory decreased due to logistical restrictions that raised smelter stocks by 13.8%.
By aluminio.ar · Based on reporting by Shanghai Metals Market
What you need to know
- The installed primary aluminium capacity in China stood at approximately 46.4887 million tonnes at the end of October.
- The total inventory of ingots held by smelters rose to 78,900 tonnes at the close of October compared to 69,300 in September.
- Weekly ingot dispatch volumes in the main consuming regions fell from a peak of 168,400 tonnes in the week of 12 October.
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