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Home / Metal News / Downstream purchases lower aluminium billet stocks on week

Downstream purchases lower aluminium billet stocks on week

Nov 8, 2018 15:44

Source:SMM

Stocks of 6063 aluminium billet across five major consumption areas fell by 11,300 mt over the week ended Thursday Nov 8

SHANGHAI, Nov 8 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China decreased by some 11,300 mt over the week ended Thursday November 8 to stand at 129,800 mt, SMM data showed.

Downstream buyers stockpiled as prices dipped over the week, and this accounted for the decline in stocks.

Details:

Foshan, Guangdong –66,300 mt

Wuxi, Jiangsu – 23,100 mt

Changzhou, Jiangsu – 17,000 mt

Huzhou, Zhejiang – 9,500 mt

Nanchang, Jiangxi – 13,900 mt

Inventory data

Aluminium billet

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Analysis

Silicon Social Inventories Up 2,000 mt on Week

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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.

Jul 15, 2021 18:00

Analysis

Primary aluminium inventories fell 26,000 mt on week

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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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.

Jul 9, 2021 17:53

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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

Aluminium billet inventories fell 1,500 mt on week on smaller arrivals

Inventories of aluminium billet in China decreased this week due to a decline in arrivals at warehouses.

Dec 31, 2020 16:15

Analysis

Aluminium billet inventories fell 1,500 mt on week on smaller arrivals

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

Aluminium billet inventories fell in China on greater shipments in the east

Inventories in Wuxi, Changzhou and Nanchang fell week on week, while stocks in Foshan and Huzhou accumulated, with Foshan saw a bigger rebound.

Jul 9, 2020 15:45

Analysis

Aluminium billet inventories fell in China on greater shipments in the east

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Downstream purchases lower aluminium billet stocks on week

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