Greater arrivals grow stocks of aluminium billet on week

Published: Jun 13, 2019 13:33

Save

This followed after a decline of 14,100 mt in the previous week

SHANGHAI, Jun 13 (SMM) – Inventories of aluminium billet in China rebounded this week as more deliveries arrived at warehouses and downstream consumption remained moderate.

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas rose by some 10,800 mt from Thursday June 6 to stand at 73,900 mt as of Thursday June 13, after a decline of 14,100 mt in the previous week.

Foshan, Guangdong – 30,100 mt

Wuxi, Jiangsu – 9,300 mt

Changzhou, Jiangsu – 7,900 mt

Huzhou, Zhejiang – 9,000 mt

Nanchang, Jiangxi – 17,600 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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

Weak Macro Front and Pervasive Risk-Off Sentiment Keep Aluminum Prices Under Pressure at High Levels in the Short Term [SMM Aluminum Price Weekly Review]

[SMM Aluminum Price Weekly Review: Weak Macro Conditions Fueled Risk-Off Sentiment, and Aluminum Prices Remained Primarily Under Pressure at High Levels in the Short Term]

3 hours ago

5 hours ago

Strong Cost Support Combined With Supply Contraction, Aluminum Fluoride Prices Are Expected to Strengthen Mildly Next Month [SMM Fluoride Salt Weekly Review]

5 hours ago

6 hours ago

China and Laos Signed an MOU on the Oudomxay AI Green Power Aluminum Project Together

Vientiane recently marked a major milestone in China-Laos green industrial cooperation—Krittaphong Group Co., Ltd. and CGN Energy Technology (Laos) Co., Ltd., together with the Ministry of Industry and Commerce of Laos and Oudomxay Province, officially signed a Memorandum of Understanding (MOU) for the Oudomxay AI Green Electricity Eco-Aluminum Industrial Park Project. Tang Danzhong, Deputy General Manager of Guangxi Investment Group, and Lin Rui, Chairman of Electricite du Laos Transmission Company Limited (EDL-T), attended the signing ceremony as witnesses, fully demonstrating all parties’ firm confidence in and full support for the project’s smooth implementation. The project will center on 500,000 mt of aluminum capacity, alongside the supporting development of a 2 million kW clean energy base, and is expected to join hands with Guangxi Investment Group, a core industrial investor, to build a complete eco-industrial base for the entire aluminum industry chain.

6 hours ago