More arrivals, weak consumption grow stocks of aluminium billet

Published: Jun 27, 2019 13:21

Save

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas grew some 6,000 mt this week

SHANGHAI, Jun 27 (SMM) – Inventories of aluminium billet in China accumulated this week as greater deliveries arrived at warehouses and downstream consumption cooled.

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas grew some 6,000 mt from Thursday June 20 to stand at 77,700 mt as of Thursday June 27, after a decline of 2,200 mt in the previous week.

Foshan, Guangdong – 39,100 mt

Wuxi, Jiangsu – 8,500 mt

Changzhou, Jiangsu – 8,500 mt

Huzhou, Zhejiang – 8,200 mt

Nanchang, Jiangxi – 13,400 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

2 hours ago

February Primary Aluminum Billet Operating Rates Hit a Nearly Four-Year Low [SMM Analysis]

[SMM Analysis: February Operating Rate of Primary Aluminum Billets Hit a Nearly Four-Year Low, Expected to Recover to Peak-Season Levels Seen in the Same Period in Previous Years in March] According to SMM statistics, the operating rate of aluminum billets in February fell sharply by 9.2 percentage points MoM to 41.4%, down 7.7 percentage points YoY. After aluminum prices surged to a record high at the end of January, they saw a sharp correction ....

2 hours ago

7 hours ago

Middle East Conflict and Trade Barriers Halt Aluminum Plate, Sheet, Strip, and Foil Exports

Among them, the Gulf region was an important consumer market for China in the Middle East: China’s exports of aluminum plate/sheet and strip to Saudi Arabia reached 42,500 mt, and aluminum foil 58,000 mt; exports of aluminum plate/sheet and strip to the UAE reached 103,500 mt, and aluminum foil 93,800 mt; the other four countries (Bahrain, Qatar, Kuwait, and Oman) accounted for combined exports of about 22,000 mt of aluminum plate/sheet and strip and about 11,000 mt of aluminum foil.

7 hours ago

9 hours ago

US Inflation Rises 0.3% in February, Matching Expectations; Fed Rate Cut Timing Unclear Amid Iran Oil Crisis

The latest US inflation data has been released, showing that seasonally adjusted CPI in February rose 0.3% MoM and was up 2.4% YoY; core CPI increased 0.2% MoM and rose 2.5% YoY, with all figures in line with market expectations. However, the prevailing market view is that the February data has not yet reflected the impact of the sharp rise in oil prices caused by the situation in Iran. Therefore, further data is still needed to support judgment on when the US Fed will cut interest rates again.

9 hours ago