Higher consumption, limited arrivals lower aluminium billet inventories

Published: Mar 14, 2019 16:09

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A buildup of 3,300 mt in Foshan, Guangdong province capped overall declines

SHANGHAI, Mar 14 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China declined this week as consumption picked up and arrivals remained limited.

As of Thursday March 14, inventories lost 6,500 mt from a week ago to stand at 144,500 mt, SMM data showed. This came after an increase of 4,300 mt in the week ended Thursday March 7.

This week, a buildup of 3,300 mt in Foshan, Guangdong province capped the overall decline.

Details:

Foshan, Guangdong – 91,900 mt

Wuxi, Jiangsu – 21,100 mt

Changzhou, Jiangsu – 19,000 mt

Huzhou, Zhejiang – 5,000 mt

Nanchang, Jiangxi – 7,500 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.

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