MYMETAL: China’s retail Al stocks climb to 9-month high

Total aluminum ingot stocks in China’s retail markets refreshed their record high during February 17-24, climbing to nine-month new peak, according to the latest stocks report from Mymetal, Mysteel’s nonferrous metals data collecting arm.
The report showed that primary aluminum stocks in the warehouses of the Shanghai Futures Exchange and held by traders in the 16 Chinese cities under Mymetal’s weekly survey rose by another 157,000 tonnes from February 17 to top 1.34 million tonnes. The growth was faster than the 131,000 tonnes on-week


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