Aluminium billet inventory grows for five weeks

Published: Aug 2, 2018 15:26

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Sluggish consumption in the low season grew inventories for a fifth consecutive week as of Aug 2

SHANGHAI, Aug 2 (SMM) – Sluggish consumption in the low season grew inventories of aluminium billet across China for a fifth consecutive week as of Thursday August 2.

Inventories of 6063 aluminium billet across five major areas rose by 5,800 mt from last Thursday to stand at 85,200 mt, SMM data showed.

The rise slowed from a week-on-week increase of 8,600 mt last Thursday.

Details are as follows:

Foshan, Guangdong – 45,100 mt

Wuxi, Jiangsu – 12,900 mt

Changzhou, Jiangsu – 8,500 mt

Huzhou, Zhejiang – 8,000 mt

Nanchang, Jiangxi – 10,700 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.

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