Aluminium billet inventories accelerated decline on week

Published: May 21, 2020 14:51

Save

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China fell 20,000 mt from May 14 to 92,800 mt as of May 21. The stocks shrank 19,300 mt between May 6 and 14.

SHANGHAI, May 21 (SMM) – Inventories of aluminium billet in China extended their decline this week as shipments from warehouses were stable while arrivals remained limited.

Stocks decreased in four out of the five areas with inventories in Foshan falling more than 10,000 mt on the week. Only Nanchang saw its inventories slightly higher this week.

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

3 hours ago

China's Cast Aluminum Alloy Ingots Inventory Falls for 10 Weeks, Destocking Pace Slows

[SMM Aluminum Alloy Express] SMM data showed that China’s social inventory of cast aluminum alloy ingots fell to 24,000 mt, marking ten consecutive weeks of destocking, with a cumulative decline of 38,900 mt. However, the pace of destocking slowed significantly this week, recording a mere WoW drop of 200 mt, as warehouse withdrawal momentum further weakened. The market remains in the high-temperature off-season, with end-use demand staying weak. Meanwhile, the continued strengthening of futures drove a widening of the futures premium, and spread traders have started to make purchases on dips.

3 hours ago

30,000 mt Alumina Traded at $356/mt FOB East Australia for September 2026

Alumina Transaction: On August 5, 2026, 30,000 mt of alumina were transacted at $356/mt FOB East Australia for September loading.

3 hours ago

[LME Aluminium Reclaims USD 3,200/t as US-Iran Peace Talks Lift Sentiment]

Three-month LME aluminium futures rose 1.3% to USD 3,263.50/tonne as renewed optimism over US-Iran peace talks weakened the US dollar and eased fears over global energy supplies and shipping disruptions; earlier hostilities had shut the Bab-el-Mandeb Strait, cutting off the Red Sea–Gulf of Aden route and forcing vessels to reroute around the Cape of Good Hope, lengthening transit times and pushing up freight and insurance costs, while LME aluminium inventories fell 5,675 tonnes to 238,350 tonnes, signaling tighter exchange stocks.

3 hours ago