Aluminium billet inventory inches down after five weeks of rise

Published: Aug 9, 2018 12:04

Save

Limited arrivals from producers lowered aluminium billet inventories slightly across China

SHANGHAI, Aug 9 (SMM) – Limited arrivals from producers lowered the inventories of aluminium billet slightly across China as of Thursday August 9. The decline came after five consecutive weeks of increase.

Inventories of 6063 aluminium billet across five major areas dipped by 2,400 mt from last Thursday to stand at 82,800 mt, SMM data showed.

Details are as follows:

Foshan, Guangdong – 40,500 mt

Wuxi, Jiangsu – 13,800 mt

Changzhou, Jiangsu – 8,500 mt

Huzhou, Zhejiang – 6,700 mt

Nanchang, Jiangxi – 13,300 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 to learn 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

7 mins ago

Aluminum Prices Rise Sharply, Strong Selling Sentiment [SMM Spot Aluminum Midday Commentary]

7 mins ago

2 hours ago

East Hope to Acquire 5 Bauxite IUPs in Indonesia for $200-250M, Plans Further Geology Review

[SMM Aluminum Express News] East Hope Group to be mentioned that they have reached an MoU to acquire 5 bauxite IUP in Indonesia from PT Bino Artomas Mineral Group. The 5 IUPs has never been on operation yet; however, geology review has been conducted in the Indonesian lab. It will cost around USD 200 - USD 250 mn for all 5 IUP with an area of more than 100,000 hectares in Ketapang, North Kayong, and Melawi. Current status: East Hope will gather geologist team to conduct the geology review again based on the Chinese lab. 5 IUP mentioned: PT Panca Raja Perkasa PT Cakra Internusa PT Rejeki Jaya Mandiri PT Bino Artomas Mineral PT Ridatama Cahaya Abadi

2 hours ago

4 hours ago

Overseas Aluminum Supply Disruptions Continued, and Cast Aluminum Alloy Futures Surged Sharply Overnight [SMM Cast Aluminum Alloy Morning Comment]

[SMM Cast Aluminum Alloy Morning Comment: Overseas Aluminum Supply Disruptions Persist; Aluminum Alloy Futures Surged Sharply Overnight] On Wednesday, ADC12 prices continued to rise, with mainstream quotations raised by 100–300 yuan/mt, driven by the rapid rise in raw material costs. Market quoting sentiment was slightly divided: some enterprises, supported by costs, actively followed the rally, with increases of 200–300 yuan/mt; others believed this round of gains was more macro-driven, with insufficient fundamental support, and that prices face pullback risks, cautiously following up by 100 yuan/mt while staying on the sidelines.

4 hours ago