Downstream stockpiling draws down aluminium billet inventory

Published: Jun 28, 2018 15:28

Save

Aluminium billet saw its inventory in China dip over the week ended Thursday June 28

SHANGHAI, Jun 28 (SMM) – China’s aluminium billet inventory dipped over the week ended Thursday June 28 as downstream consumers stockpiled after the prices fell and stabilised, SMM learned.

Inventories of 6063 aluminium billet across five major consumption areas in China shrank 1,900 mt from last Thursday to stand at 61,300 mt, SMM data showed.

Details are as follows:

Foshan, Guangdong – 37,000 mt

Wuxi, Jiangsu – 4,500 mt

Changzhou, Jiangsu – 6,300 mt

Huzhou, Zhejiang – 7,600 mt

Nanchang, Jiangxi – 5,900 mt

Inventory data Aluminium billet

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 mins ago

"Lithium Battery Scrap Procurement Dips in August, LFP and LCO Prices Decline [SMM Analysis]"

In September, overall prices in the scrap battery cell market on the lithium battery recycling side showed a downward trend.

4 mins ago

1 hour ago

Petroleum Coke Prices Continue to Climb in Shandong, Mixed Trends in Other Regions

[SMM Aluminum Flash] On September 11, petroleum coke prices continued to rise. The latest SMM data showed that the spot price index for No.1 petroleum coke in north-east China was recorded at 4,635.46 yuan/mt, flat WoW; the spot price index for No.2 petroleum coke in Shandong was recorded at 4,354.42 yuan/mt, up 1.16% WoW; the spot price index for No.3 petroleum coke in Shandong was recorded at 3,890.35 yuan/mt, up 1.88% WoW; the spot price index for No.4 petroleum coke in Shandong was recorded at 2,319.16 yuan/mt, up 0.66% WoW; and the spot price index for No.3 petroleum coke in the northwest was recorded at 4,202.47 yuan/mt, flat WoW.

1 hour ago

SHFE Cast Aluminum Alloy Warrant Volume Rises Slightly to 23,104 mt on September 11

[SMM Flash] SHFE data shows that on September 11, the total registered warrant volume for cast aluminum alloy was 23,104 mt, an increase of 1 mt from the previous trading day. Specifically, the total registered volume in Shanghai was 1,625 mt, an increase of 0 mt from the previous trading day; in Guangdong, it was 1,462 mt, a decrease of 29 mt; in Jiangsu, it was 7,206 mt, an increase of 60 mt; in Zhejiang, it was 10,374 mt, an increase of 149 mt; in Chongqing, it was 2,165 mt, an increase of 0 mt; and in Sichuan, it was 269 mt, a decrease of 90 mt.

1 hour ago