Aluminium billet inventories rose 1,600 mt on week

Published: Jan 21, 2021 15:38

Save

SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China expanded 1,600 mt from the prior week to 84,300 mt as of January 21.

SHANGHAI, Jan 21(SMM) –SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China expanded 1,600 mt from the prior week to 84,300 mt as of January 21.

Stocks fell 2,000 mt to 8,500 mt in Nanchang, dipped 900 mt to 39,200 mt in Foshan, while rose 2,300 mt to 14,700 mt in Wuxi and expanded 2,200 mt to 10,900 mt in Changzhou. Stocks in Huzhou held largely unchanged.

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 hours ago

SHFE Cast Aluminum Alloy Warrants Drop to 66,546 mt on Feb 5

[SMM Flash] SHFE data shows that on February 5, the total registered volume of cast aluminum alloy warrants was 66,546 mt, a decrease of 245 mt compared with the previous trading day. By region: Shanghai (5,388 mt, up 447 mt), Guangdong (23,552 mt, down 90 mt), Jiangsu (9,496 mt, down 421 mt), Zhejiang (21,833 mt, down 151 mt), Chongqing (5,586 mt, down 30 mt), and Sichuan (691 mt, unchanged).

4 hours ago

5 hours ago

Macro Factors to Drive Aluminum Prices Lower Before Stabilizing Next Week, Short-Term Aluminum Prices Expected to Consolidate with Volatility [SMM Aluminum Weekly Review]

[SMM Aluminum Price Weekly Review: Aluminum Prices Fell Then Stabilized Under Macro Influences, Expected to Consolidate in the Short Term]

5 hours ago

ADC12 Secondary Aluminum Alloy Prices Decline

[SMM Aluminum Alloy Daily Review] Futures side, the aluminum alloy 2603 contract opened at 22,250 yuan/mt, with the futures fluctuating downward overall, breaking below the 22,000 yuan/mt mark. It hit a bottom of 21,860 yuan/mt during the day and finally closed at 21,915 yuan/mt, down 680 yuan/mt or 3.01% from the previous close, mainly driven by bulls reducing positions. Spot market side, the SMM ADC12 price dropped by 200 yuan/mt to 23,600 yuan/mt. As futures weakened again, secondary aluminum market offers generally followed the decline. Driven by the price pullback, downstream users mainly restocked on dips, leading to a slight improvement in transactions. Supply side, as the Chinese New Year approaches, secondary aluminum plants have successively clarified their production plans for t

5 hours ago