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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

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Analysis

Silicon Social Inventories Up 2,000 mt on Week

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Shanghai base metals traded mixed after opening on Thursday morning, as Fed failed to set a timeline for tapering asset purchase, and COVID-19 pandemic made a comeback. Meanwhile, their counterparts on LME mostly went up.

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SMM Comments

SMM Morning Comments (Jul 29): Shanghai Base Metals Trending Mixed after Obscure Fed Meeting Results

Primary aluminium inventories fell 26,000 mt on week

SMM data showed that China’s social inventories of aluminium across eight consumption areas fell 26,000 mt on the week to 832,000 mt as of June 24, mainly due to the decline in Wuxi and Hainan.

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Analysis

Primary aluminium inventories fell 26,000 mt on week

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Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

Jul 13, 2021 10:00

SMM Comments

SMM Morning Comments (Jul 13): Shanghai base metals were mostly lower as investors awaited China's trade data for June

Zinc social inventories expanded 1,700 mt over weekend

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 1,700 mt from last Friday July 9 to 122,000 mt as of Monday July 12. The stocks were up 6,200 mt from July 5.

Jul 12, 2021 17:00

Analysis

Zinc social inventories expanded 1,700 mt over weekend

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SMM data showed that the stocks rose 4,200 mt from the prior week to 439,800 mt as of Friday July 9.

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Analysis

Shanghai bonded copper stocks rose 4,200 mt on week

China weekly inventory summary and data wrap (Jul 9)

This is a roundup of China's metals weekly inventory as of July 9.

Jul 9, 2021 20:00

Analysis

China weekly inventory summary and data wrap (Jul 9)

Aluminium billet inventories fell 2,500 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 1.5% or 2,500 mt from a week ago to 162,800 mt as of Thursday April 22.

Apr 22, 2021 14:21

Analysis

Aluminium billet inventories fell 2,500 mt on week

Zinc social inventories shrank 1,600 mt over weekend

Zinc inventories in China fell over the weekend, primarily propelled by a decrease in Shanghai and Guangdong.

Dec 7, 2020 14:13

Analysis

Zinc social inventories shrank 1,600 mt over weekend

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Downstream purchases lower aluminium billet inventories

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