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Aluminium Billet Inventories Up 8,200 mt on Week
Sep 23, 2021 16:07CST
Source:SMM
The stocks of aluminium billet in five major consumption areas rose by 8,200 mt to 157,000 mt on Thursday September 23 from the previous week, an increase of 5.48%.

SHANGHAI, Sep 23 (SMM) - The stocks of aluminium billet in five major consumption areas rose by 8,200 mt to 157,000 mt on Thursday September 23 from the previous week, an increase of 5.48%.

Four major consumption areas have reports increasing inventories, with Huzhou and Changzhou being the leading contributors. The inventory in Huzhou rose 4,000 mt or 36.36% on the week, and Changzhou saw an increase of 2,900 mt or 22.31%. The only decline was found in Wuxi by 700 mt. The broad increase among inventories was mainly caused by sluggish demand amid Mid-Autumn Festival holiday.

Looking forward, the demand from downstream aluminium extruders were still lacklustre. Furthermore, the power rationing has been intensifying in Guangdong, and some companies were only allowed to operate for 2 – 1 or even 0 days in a week. While some companies in Jiangsu have also suspended production on power rationing. As such, the social inventory of aluminium billet is expected to climb further.

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