Aluminium billet inventories rebounded 3,300 mt on week

Published: Jan 9, 2020 13:14
The inventories ended their 12 consecutive weeks of decline

SHANGHAI, Jan 9 (SMM) – SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China rose after 12 consecutive weeks of decline, increasing 3,300 mt from Thursday January 2 to 53,200 mt as of Thursday January 9. Stocks shrank 700 mt in the previous week.

Inventory 

Foshan, Guangdong – 26,400 mt

Wuxi, Jiangsu – 10,600 mt

Changzhou, Jiangsu – 4,300 mt

Huzhou, Zhejiang – 9,000 mt

Nanchang, Jiangxi – 3,000 mt

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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Aluminium billet inventories rebounded 3,300 mt on week - Shanghai Metals Market (SMM)