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Home / Metal News / Downstream purchases lower aluminium billet inventories

Downstream purchases lower aluminium billet inventories

Oct 18, 2018 13:49

Source:SMM

Stocks of 6063 billet decreased by some 2,000 mt over the week ended Thursday Oct 18 to stand at 150,000 mt

SHANGHAI, Oct 18 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China decreased by some 2,000 mt over the week ended Thursday October 18 to stand at 150,000 mt as downstream consumers restocked raw materials, SMM research found.

Details:

Foshan, Guangdong – 81,300 mt

Wuxi, Jiangsu – 21,800 mt

Changzhou, Jiangsu – 18,000 mt

Huzhou, Zhejiang – 12,100 mt

Nanchang, Jiangxi – 16,800 mt

Inventory data

Aluminium

Aluminium billet

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

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SMM Comments

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Aluminium billet inventories fell 1,200 mt on week

SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China decreased 0.9% or 1,200 mt from a week ago to 119,600 mt as of Thursday July 22.

Jul 22, 2021 16:41

Analysis

Aluminium billet inventories fell 1,200 mt on week

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SMM Comments

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Industry

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SMM Comments

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Aluminium billet inventories fell to 120,800 mt on week

The outbound volume of the aluminium billet rose by 800 mt to 48,300 mt last week, an increase of 1.6%. Aluminium prices fluctuated at high levels, and downstream users were less willing to purchase.

Jul 15, 2021 18:00

Analysis

Aluminium billet inventories fell to 120,800 mt on week

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Downstream purchases lower aluminium billet inventories

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