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Home / Metal News / Aluminium billet stocks grow as buyers remain cautious

Aluminium billet stocks grow as buyers remain cautious

May 9, 2019 12:09

Source:SMM

Stocks rose some 1,600 mt from May 5 to stand at 96,500 mt as of May 9

SHANGHAI, May 9 (SMM) – Inventories of aluminium billet in China extended their gains this week as buyers stood on the sidelines.

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas rose some 1,600 mt from Sunday May 5 to stand at 96,500 mt as of Thursday May 9.

Details:

Foshan, Guangdong – 51,800 mt

Wuxi, Jiangsu – 16,400 mt

Changzhou, Jiangsu – 8,000 mt

Huzhou, Zhejiang – 12,000 mt

Nanchang, Jiangxi – 8,300 mt

Inventory data

Aluminium

Aluminium billet

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SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 12,100 mt in the week ended June 25 to 116,500 mt. The stocks fell 6,400 mt from Monday June 21.

Jun 25, 2021 14:44

Analysis

Zinc social inventories shrank 12,100 mt on week

SMM Morning Comments (Jun 25): Shanghai base metals mainly increased after agreement was reached on Biden’s infrastructure plan.

Shanghai base metals basically went up in the overnight trading after an agreement was reached between democratic and republican parties on Biden’s 579 billion infrastructure plan. LME base metals mostly increased as well.

Jun 25, 2021 10:00

SMM Comments

SMM Morning Comments (Jun 25): Shanghai base metals mainly increased after agreement was reached on Biden’s infrastructure plan.

SMM Morning Comments (Jun 24): Shanghai base metals rose across the board as US Markit PMI hit a new high

Shanghai base metals all went up on Wednesday night as the US June Markit PMI for manufacturing industry registered 62.6. LME base metals all rose as well.

Jun 24, 2021 10:00

SMM Comments

SMM Morning Comments (Jun 24): Shanghai base metals rose across the board as US Markit PMI hit a new high

Aluminium billet inventories rose 12,400 mt on week

SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China increased 14% or 12,400 mt from a week ago to 100,700 mt as of Thursday June 17.

Jun 17, 2021 17:13

Analysis

Aluminium billet inventories rose 12,400 mt on week

Aluminium billet inventories shrank 33,900 mt to 105,200 mt

Shipments of aluminium billet out of warehouses fell 29,700 mt or 44% on the week to 37,000 mt as the Labour Day holiday shortened the number of trading days.

May 13, 2021 16:29

Analysis

Aluminium billet inventories shrank 33,900 mt to 105,200 mt

Aluminium billet inventories fell 12,500 mt on week on smaller arrivals

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

Nov 19, 2020 14:44

Analysis

Aluminium billet inventories fell 12,500 mt on week on smaller arrivals

Aluminium billet inventories rose 22,500 mt on week

This followed the stocks expanded 23,800 mt in the week ended February 13

Feb 20, 2020 14:15

Analysis

Aluminium billet inventories rose 22,500 mt on week

Aluminium billet inventories fell on consumption pickup

This followed after the stocks rising during the National Day holiday and days after

Oct 17, 2019 11:27

Analysis

Aluminium billet inventories fell on consumption pickup

Aluminium billet inventories gain 35,400 mt over holiday

Stocks increased by 35,400 mt from Sep 30 to stand at 135,200 mt as of Oct 8

Oct 8, 2019 13:26

Analysis

Aluminium billet inventories gain 35,400 mt over holiday

Zinc social inventories inch up over weekend

Stocks rose 1,600 mt from Aug 2 to stand at 146,000 mt as of Aug 5

Aug 5, 2019 14:35

Analysis

Zinc social inventories inch up over weekend

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Aluminium billet stocks grow as buyers remain cautious

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2025 (20th) SMM Copper Industry Conference and Expo

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