Deliverable aluminium stocks at Shanghai Futures Exchange-approved warehouses have fallen by 1.7% or 16,009 tonnes over the past week to stand at 941,637 on Friday June 22.
This week, Kangyun Logistics in Zhejiang province saw the most aluminium stocks leave its sheds with 3,536 tonnes."Although China has a tariff on primary aluminium, there is a tax rebate for aluminium foil and plate, which has encouraged producers to turn to that...