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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 fell 35,000 mt on week

SMM data showed that China’s social inventories of aluminium across eight consumption areas fell 35,000 mt on the week.

Jun 10, 2021 16:17

Analysis

Primary aluminium inventories fell 35,000 mt on week

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 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

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

Primary aluminium inventories shrank 7,000 mt on week

Primary aluminium ingot inventories in China continued to decline this week, showed SMM data.

Dec 17, 2020 16:57

Analysis

Primary aluminium inventories shrank 7,000 mt on week

Primary aluminium inventories shrank 19,000 mt on week to 596,000 mt

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 19,000 mt from the prior week to 596,000 mt as of November 26.

Nov 26, 2020 17:40

Analysis

Primary aluminium inventories shrank 19,000 mt on week to 596,000 mt

Primary aluminium inventories shrank 25,000 mt on week to 629,000 mt

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 25,000 mt from the prior week to 629,000 mt as of November 12.

Nov 12, 2020 14:27

Analysis

Primary aluminium inventories shrank 25,000 mt on week to 629,000 mt

Primary aluminium inventories built up 4,000 mt on week

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

Oct 15, 2020 17:20

Analysis

Primary aluminium inventories built up 4,000 mt on week

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Aluminium billet inventories extend declines as tax cuts spur purchases

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