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

Published: Sep 24, 2020 16:35
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.


 

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
Impact Minerals to Release 11.99M Escrowed Shares for Lake Hope HPA Project on July 27
9 hours ago
Impact Minerals to Release 11.99M Escrowed Shares for Lake Hope HPA Project on July 27
Read More
Impact Minerals to Release 11.99M Escrowed Shares for Lake Hope HPA Project on July 27
Impact Minerals to Release 11.99M Escrowed Shares for Lake Hope HPA Project on July 27
[SMM Aluminum Express News] Impact Minerals will release 11.99 million escrowed shares on 27 July that were issued as consideration for acquiring an 80% interest in the Lake Hope High Purity Alumina (HPA) Project in Western Australia. A further 2.37 million shares will remain in escrow until 13 November 2026, with the release representing an increase in the company's free float rather than a new share issuance. Lake Hope is Impact Minerals' flagship HPA project, targeting high-purity alumina production for battery, semiconductor and advanced ceramics markets. The company has been advancing feasibility work and pilot plant development as it seeks to commercialize its proprietary HPA processing technology.
9 hours ago
SHFE Aluminum Closed Lower with Increased Volume as Bears Added Positions to Drive a Correction; Alumina Trading Volume Shrank with Both Sides Watching Cautiously [SMM Aluminum Brief]
11 hours ago
SHFE Aluminum Closed Lower with Increased Volume as Bears Added Positions to Drive a Correction; Alumina Trading Volume Shrank with Both Sides Watching Cautiously [SMM Aluminum Brief]
Read More
SHFE Aluminum Closed Lower with Increased Volume as Bears Added Positions to Drive a Correction; Alumina Trading Volume Shrank with Both Sides Watching Cautiously [SMM Aluminum Brief]
SHFE Aluminum Closed Lower with Increased Volume as Bears Added Positions to Drive a Correction; Alumina Trading Volume Shrank with Both Sides Watching Cautiously [SMM Aluminum Brief]
11 hours ago
Spot aluminum prices pulled back slightly, aluminum scrap market remains steady [Aluminum Scrap Daily Review]
11 hours ago
Spot aluminum prices pulled back slightly, aluminum scrap market remains steady [Aluminum Scrap Daily Review]
Read More
Spot aluminum prices pulled back slightly, aluminum scrap market remains steady [Aluminum Scrap Daily Review]
Spot aluminum prices pulled back slightly, aluminum scrap market remains steady [Aluminum Scrap Daily Review]
11 hours ago
Aluminium billet inventories rose 3,900 mt on week on larger arrivals - Shanghai Metals Market (SMM)