More arrivals, weak consumption grow stocks of aluminium billet

Published: Jun 27, 2019 13:21 (GMT+8)

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 for 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

[SMM Flash News] South32 Revised Q4 '26 CIF MJP Premium Offer at US$265/mt

Market sources report: South32 revised Q4 '26 CIF MJP Premium Offer at US$265/mt, down from US$325/mt. Validity 5 October 2026.

2 hours ago

19 hours ago

India ADC 12 Holds Firm as LME Aluminium Falls; Tight Scrap Supply Limits Downside

India ADC 12 prices remained relatively resilient despite a 1.2% decline in LME aluminium 3-month prices between September 24 and 30.

19 hours ago

20 hours ago

Rio Tinto Secures Bell Bay Smelter Operations Through End-2031

Rio Tinto announced on October 1 that it had reached agreements with the Tasmanian Government, the Australian Commonwealth Government and Hydro Tasmania to extend electricity supply to the Bell Bay aluminium smelter through the end of 2031. The two governments will also provide a combined A$200 million support package over five years, contributing A$100 million each. Commercial terms of the power agreement were not disclosed. Bell Bay produces around 190,000 tonnes of primary aluminium annually, while its existing electricity contract was due to expire at the end of 2026. The agreement removes the smelter’s immediate operational uncertainty. Bell Bay is the third major Australian aluminium smelter to receive government-backed support in 2026, following Boyne and Tomago, highlighting continued pressure from high electricity costs and international competition.

20 hours ago