Aluminium billet inventories rose 3,900 mt on week on larger arrivals

Published: Sep 24, 2020 16:35

Save

Inventories of aluminium billet in China increased this week due to increased arrivals.

SHANGHAI, Sep 24 (SMM) – Inventories of aluminium billet in China increased this week due to increased arrivals.

SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China built up 3,900 mt from a week ago to 71,500 mt as of Thursday September 24.

Inventories in Foshan and Nanchang accumulated week on week, while stocks in Wuxi, Changzhou, and Huzhou declined.

Aluminium billet Inventory data

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 to learn 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

4 mins ago

CATL Partners with Shanxi and Datong for Zero-Carbon Initiatives and Energy Optimization

Recently, CATL officially reached a strategic cooperation agreement with the People's Government of Shanxi Province. At the same time, it also signed a zero-carbon city cooperation agreement with the People's Government of Datong City. According to the agreement, both parties will focus on three core directions — the "aluminum-lithium" dual-driven industry chain, the battery swapping heavy truck ecosystem, and the new-type power system — to carry out comprehensive and in-depth cooperation, jointly helping Shanxi achieve energy structure optimization and industrial upgrading.

4 mins ago

7 mins ago

Novelis Advances Recovery at Oswego Plant After Fires, Aims to Restart Hot Mill Soon

[SMM Aluminum Express News] Novelis said recovery efforts at its Oswego, New York plant is advancing after two fires in September and November impacted the hot mill area. The company expects the hot mill to restart within weeks, with commissioning activities underway to restore shipments and meet pent-up aluminum demand.

7 mins ago

16 hours ago

SHFE Cast Aluminum Alloy Warrants Up 1,170 mt to 38,704 mt on May 19

[SMM News] SHFE data showed that on May 19, the total registered volume of cast aluminum alloy warrants was 38,704 mt, an increase of 1,170 mt from the previous trading day. Among them, the total registered volume in Shanghai was 2,515 mt, unchanged from the previous trading day; the total registered volume in Guangdong was 10,669 mt, a decrease of 122 mt from the previous trading day; the total registered volume in Jiangsu was 7,232 mt, an increase of 150 mt from the previous trading day; the total registered volume in Zhejiang was 12,154 mt, an increase of 1,173 mt from the previous trading day; the total registered volume in Chongqing was 5,139 mt, a decrease of 31 mt from the previous trading day.

16 hours ago