Aluminium billet inventories decrease on the week

Published: Sep 20, 2018 14:06

Save

Stocks shrank by 4,900 mt from a week earlier to stand at 116,200 mt as of Thursday Sep 20

SHANGHAI, Sep 20 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China shrank by 4,900 mt from a week earlier to stand at 116,200 mt as of Thursday September 20, SMM data showed. The decline came after five consecutive weeks of increases.

Details:

Foshan, Guangdong – 77,800 mt

Wuxi, Jiangsu – 12,300 mt

Changzhou, Jiangsu – 13,000 mt

Huzhou, Zhejiang – 5,200 mt

Nanchang, Jiangxi – 7,900 mt

Inventory data Aluminium 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

1 hour ago

Cast Aluminum Alloy Futures Drop, Cautious Buying Amid Price Retreat

[SMM aluminum alloy flash] The most-traded cast aluminum alloy contract AD2611 opened sharply lower in early trading today, with the futures center quickly dropping to the 23,400 yuan/mt level. It then consolidated at lows and recovered slightly, closing at 23,450 yuan/mt in the morning session, down 385 yuan, or 1.62%, from yesterday's settlement. Demand side, as prices pulled back, downstream purchasing sentiment remained cautious, with most enterprises reporting that clients were mainly taking a wait-and-see approach and making just-in-time procurement.

1 hour ago

5 hours ago

Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support [SMM Aluminum Morning Meeting Summary]

[Macro rate hike expectations bring periodic pressure, while China's destocking provides solid bottom support] Overall, aluminum prices are expected to be under pressure and consolidate in the short term, with strong support below in the medium and long term, as the market repeatedly contests within a range.

5 hours ago

6 hours ago

[Aluminum futures under pressure, aluminum scrap remains stable and strong - SMM cast aluminum alloy morning comment]

[SMM cast aluminum alloy morning comment: Aluminum alloy futures under pressure, aluminum scrap remains stable-to-firm] Overnight, the most-traded aluminum alloy 2611 contract opened at 23,570 yuan/mt, hit a high of 23,570 yuan/mt and a low of 23,160 yuan/mt, and settled at 23,365 yuan/mt, down 355, or 1.5%.

6 hours ago