Aluminium billet inventories fell 7,900 mt on week on smaller arrivals

Published: Sep 30, 2020 12:30

Save

Inventories of aluminium billet in China decreased this week with the downstream stockpiling ahead of the National Day holidays.

SHANGHAI, Sep 30 (SMM) – Inventories of aluminium billet in China decreased this week with the downstream stockpiling ahead of the National Day holidays.

SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China dipped 7,900 mt from last Thursday to 63,600 mt as of Wednesday September 30.

Inventories in Foshan and Wuxi accumulated, while stocks in Huzhou, Changzhou and Nanchang declined, and inventory level saw the sharpest decline at Nanchang.

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

5 hours ago

QatarEnergy to Suspend Production of Certain Downstream LNG Products

QatarEnergy announced in a news release on its official website that, after deciding to halt production of liquefied natural gas (LNG) and its related products, the company will also suspend production of certain downstream products within Qatar, specifically including urea, polymers, methanol, and aluminum.

5 hours ago

8 hours ago

Domestic ADC12 Prices Rise by 300 Yuan/mt, Driven by Cost and Steady Demand Recovery

[SMM Aluminum Alloy Daily Review] Domestic ADC12 spot quotes continued to rise, with the mainstream increase reaching 300 yuan/mt. Cost side, supported by raw material prices rising in tandem, the bottom remained solid; demand side, although recovering steadily, downstream enterprises still maintained a just-in-time procurement pace. Driven by the consecutive gains, market sentiment of “rush to buy amid continuous

8 hours ago

SHFE Cast Aluminum Alloy Warrant Volume Down 975 mt to 62,228 mt on March 3

[SMM Flash] SHFE data showed that on March 3, the total registered cast aluminum alloy warrant volume was 62,228 mt, down 975 mt from the previous trading day. Among them, the total registered volume in Shanghai was 6,070 mt, down 90 mt from the previous trading day; Guangdong was 21,089 mt, down 365 mt; Jiangsu was 8,080 mt, down 180 mt; Zhejiang was 21,162 mt, down 240 mt; Chongqing was 4,534 mt, an increase of 0 mt; and Sichuan was 1,293 mt, an increase of 0 mt.

8 hours ago