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Home / Metal News / Aluminium billet inventories extend declines as tax cuts spur purchases

Aluminium billet inventories extend declines as tax cuts spur purchases

Mar 28, 2019 13:52

Source:SMM

Inventories fell 17,000 mt from a week ago to stand at 120,600 mt as of Mar 28

SHANGHAI, Mar 28 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China fell for a third straight week this week as the upcoming value-added tax cuts drove downstream consumers to purchase.

As of Thursday March 28, the inventories fell 17,000 mt from a week ago to stand at 120,600 mt, SMM data showed.

Details:

Foshan, Guangdong – 84,600 mt

Wuxi, Jiangsu – 15,300 mt

Changzhou, Jiangsu – 10,500 mt

Huzhou, Zhejiang – 6,000 mt

Nanchang, Jiangxi – 4,200 mt

Inventory data

Aluminium

Primary aluminium

For queries, please contact William Gu at williamgu@smm.cn

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This is a roundup of China's metals weekly inventory as of July 2.

Jul 2, 2021 20:00

Analysis

China weekly inventory summary and data wrap (Jul 2)

Primary aluminium inventories built up 61,000 mt on week

Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 61,000 mt from last Thursday to 775,000 mt as of February 10.

Feb 10, 2021 14:36

Analysis

Primary aluminium inventories built up 61,000 mt on week

Primary aluminium inventories expanded 32,000 mt on week to 714,000 mt

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, rose 32,000 mt from the prior week to 714,000 mt as of February 4, the highest since October 15 2020, and stocks in Gongyi and Hangzhou mainly contributed to the increase.

Feb 4, 2021 15:46

Analysis

Primary aluminium inventories expanded 32,000 mt on week to 714,000 mt

SMM Evening Comments (Jan 22): Nonferrous metals on the SHFE fell for the most part, zinc plunged 2.51%

SHFE nonferrous metals declined broadly on Friday January 22. Copper fell 0.61%, zinc slumped 2.51%, lead shed 0.66% and nickel weakened 1.13%, while aluminium edged up 0.1% and tin rose 1.83%.

Jan 22, 2021 19:11

SMM Comments

SMM Evening Comments (Jan 22): Nonferrous metals on the SHFE fell for the most part, zinc plunged 2.51%

SMM Morning Comments (Jan 22): Shanghai base metals performance mixed as traders monitored the beginning of Joe Biden’s presidency

Shanghai base metals traded mixed on Friday morning as traders monitored the European Central Bank's latest meeting and the beginning of Joe Biden's presidency. Meanwhile, their counterparts on the LME also set for a mixed start.

Jan 22, 2021 10:00

SMM Comments

SMM Morning Comments (Jan 22): Shanghai base metals performance mixed as traders monitored the beginning of Joe Biden’s presidency

Primary aluminium inventories shrank 15,000 mt on week to 669,000 mt

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 15,000 mt from the prior week to 669,000 mt as of January 21. COVID-induced transport restrictions reduced arrivals of cargoes in Wuxi and Nanhai.

Jan 21, 2021 15:41

Analysis

Primary aluminium inventories shrank 15,000 mt on week to 669,000 mt

Primary aluminium inventories built up 20,000 mt on week

Primary aluminium ingot inventories in China rose this week, showed SMM data.

Jan 14, 2021 16:06

Analysis

Primary aluminium inventories built up 20,000 mt on week

SMM Evening Comments (Dec 25): Shanghai nonferrous metals rose across the board for the 2nd day

SHFE nonferrous metals closed higher across the board on Friday December 25.

Dec 25, 2020 18:00

SMM Comments

SMM Evening Comments (Dec 25): Shanghai nonferrous metals rose across the board for the 2nd day

Primary aluminium inventories shrank 3,000 mt on week to 586,000 mt

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 3,000 mt from the prior week to 586,000 mt as of December 24, and Gongyi and Nanhai mainly contributed to the decline.

Dec 24, 2020 17:40

Analysis

Primary aluminium inventories shrank 3,000 mt on week to 586,000 mt

SMM Morning Comments (Dec 21): Base metals on both SHFE and LME fell mostly on dollar bounce-back

Shanghai base metals and their counterparts on the LME cruised lower for the most part on Monday morning as the US dollar rebounded slightly.

Dec 21, 2020 10:05

SMM Comments

SMM Morning Comments (Dec 21): Base metals on both SHFE and LME fell mostly on dollar bounce-back

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Aluminium billet inventories extend declines as tax cuts spur purchases

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