Aluminium billet inventories shrank 18,500 mt on week

Published: Apr 2, 2020 14:32

Save

Inventories of aluminium billet in China fell for the fourth consecutive week as of April 2, due to greater deliveries and reduced arrivals.

SHANGHAI, Apr 2 (SMM) – Inventories of aluminium billet in China fell for the fourth consecutive week as of April 2, due to greater deliveries and reduced arrivals.

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China declined 18,500 mt from March 26 to 174,200 mt as of April 2. This followed the stocks shrank 4,900 mt in the week ended March 26.

Inventories in all the five consumption areas, which are Foshan, Wuxi, Changzhou, Huzhou and Nanchang, declined on the week as of April 2.

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

SHFE Cast Aluminum Alloy Warrants Drop Slightly to 17,284 mt on August 6

[SMM Flash] SHFE data showed that on August 6, total registered cast aluminum alloy warrants amounted to 17,284 mt, down 90 mt from the previous trading day, with Shanghai (1,506 mt, unchanged), Guangdong (1,342 mt, unchanged), Jiangsu (3,806 mt, unchanged), Zhejiang (6,961 mt, unchanged), Chongqing (2,884 mt, down 90 mt), and Sichuan (785 mt, unchanged).

2 hours ago

SHFE aluminum edges up, holding above moving averages; alumina rebounds on increased volume, with the repair rally strengthening. [SMM SHFE Aluminum Brief Commentary]

2 hours ago

Cost support strengthened, the imported bauxite price center moved up, and the high-level market game continued [SMM Bauxite Weekly Review]

2 hours ago