Greater arrivals, poor consumption grow aluminium billet stocks

Published: Jul 4, 2019 14:52

Save

This came after a buildup of 6,000 mt in the previous week

SHANGHAI, Jul 4 (SMM) – Inventories of aluminium billet in China extended their increases this week as more deliveries arrived at warehouses and downstream consumption failed to pick up.

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas grew some 5,500 mt from Thursday June 27 to stand at 83,200 mt as of Thursday July 4, after a buildup of 6,000 mt in the previous week.

Foshan, Guangdong – 47,000 mt

Wuxi, Jiangsu – 6,800 mt

Changzhou, Jiangsu – 8,500 mt

Huzhou, Zhejiang – 11,000 mt

Nanchang, Jiangxi – 9,900 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

27 mins ago

SHFE Aluminum Rallies, Central China Market Sees Limited Trading Despite Upward Trend

SHFE aluminum continued to rally during the night session, with a slight correction in early trading but still maintaining an upward trend. In the central China market, downstream processing enterprises showed limited buying sentiment. Although major suppliers held back from selling, the upward momentum in market premiums was limited, and trading volume remained low. Ultimately, the actual transaction price range in the central China market was around a discount of 140-170 yuan/mt against the 09 contract.

27 mins ago

1 hour ago

China's Secondary Aluminum Ingot Inventory Drops by 170 mt in Major Consumption Areas

[SMM Aluminum Flash] China's secondary aluminum ingot daily inventory in three major consumption areas was reported at 13,394 mt today, down 170 mt from the previous trading day.

1 hour ago

September peak season destocking supports aluminum prices, macro risks still warrant vigilance [SMM Aluminum Morning Meeting Summary]

[September peak season destocking supports aluminum prices, macro risks still warrant caution] Overall, aluminum prices are expected to consolidate on a strong note in the short term.

1 hour ago