Aluminium billet inventories shrank 3,900 mt to 232,900 mt

Published: Mar 18, 2021 16:41
SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China dropped 3,900 mt from the previous week to 232,900 mt as of March 18.

SHANGHAI, Mar 18 (SMM) –SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China dropped 3,900 mt from the previous week to 232,900 mt as of March 18. Stocks dropped by 2,000 mt and 5,000 mt in Changzhou and Huzhou, but rose 2,100 mt in Wuxi.  

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
US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed
6 hours ago
US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed
Read More
US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed
US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed
The US-Canada tariff war has escalated once again. Canada took the lead in imposing retaliatory tariffs on approximately $20 billion worth of US goods, and the US responded with tough countermeasures: starting September 15, a 50% tariff will be imposed on about 100 categories of Canadian products; starting September 29, imports of certain Canadian motor vehicles and dairy products will be further banned.
6 hours ago
ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns
6 hours ago
ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns
Read More
ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns
ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns
The European Central Bank announced a 25 basis point hike in all three key interest rates, in line with market expectations. The central bank noted that the Middle East conflict continues to push up inflation, and inflation is expected to remain well above the target level for an extended period. According to people familiar with the matter, ECB officials expect to raise rates further, with the next move possibly coming as soon as October.
6 hours ago
China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%
6 hours ago
China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%
Read More
China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%
China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%
CAAM data shows that in August, China's auto sales were 2.712 million units, down 5.1% YoY. Among them, NEV performance was impressive, with sales reaching 1.643 million units, up 17.8% YoY, accounting for 60.6% of total new vehicle sales. In terms of exports, auto exports in August were 1.01 million units, up 65.3% YoY; NEV exports were 526,000 units, up 1.3x YoY.
6 hours ago
Aluminium billet inventories shrank 3,900 mt to 232,900 mt - Shanghai Metals Market (SMM)