Aluminium billet inventories fell for 2 weeks

Published: Oct 24, 2019 10:56

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Stocks declined on the back of decent consumption

SHANGHAI, Oct 24 (SMM) – Inventories of aluminium billet in China declined for the second straight week as of October 24 on the back of decent consumption.

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China shrank 11,100 mt from October 17 to stand at 118,100 mt as of Thursday October 24, following a decline of 7,600 mt in the previous week.

Inventory

Foshan, Guangdong – 64,000 mt

Wuxi, Jiangsu – 18,900 mt

Changzhou, Jiangsu – 16,000 mt

Huzhou, Zhejiang –10,000 mt

Nanchang, Jiangxi – 9,200 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.

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