The stocks of aluminium billet in five major consumption areas added 34,700 mt to 211,600 mt as of January 27 from a week ago, a significant increase of 19.62%. The inventory has been rising for five straight weeks.

According to SMM data, the weighted average full cost of alumina refineries in China was 2,604 yuan/mt at the end of Q4 2021, a drop of 407 yuan/mt or 13.5% from the end of Q3 2021, but up 14.7% from the same period of 2020.

The stocks of aluminium billet in five major consumption areas added 36,500 mt to 176,900 mt on January 20 from a week ago, a significant increase of 25.95%. The inventory has been rising for four straight weeks.

The stocks of aluminium billet in five major consumption areas added 5,700 mt to 80,300 mt on December 30 from a week ago, an increase of 7.64%.

As of December 13, the bauxite prices with an alumina to silica ratio of 5.0 and an alumina content of 58% in Jinbei county of Shanxi stood at 400-450 yuan/mt (including value-added tax (VAT), excluding resource tax) on a delivery to factory basis.

The stocks of aluminium billet in five major consumption areas dropped 7,200 mt to 71,700 mt on December 2 from a week ago, a decrease of 9.14%. And the inventory has been falling for seven straight weeks.

The stocks of aluminium billet in five major consumption areas dropped 21,600 mt to 78,900 mt on November 25 from a week ago, a decrease of 21.5%. And the inventory has been falling for six straight weeks.

The stocks of aluminium billet in five major consumption areas dropped 24,500 mt to 138,300 mt on November 4 from a week ago, a decrease of 15.21%. And the inventory has been falling for three straight weeks.

Copper semis processing enterprises across Jiangsu, Guangdong, Anhui and Guangxi have been significantly affected by the power rationing implemented in late September driven by the dual control policy on national energy consumption amid intensified contradiction between the supply and demand of electricity and coal.

After the National Day holiday, Guangdong’s power rationing has eased significantly, and most copper processing companies have been able to resume normal production. However, the unexpected rise in copper prices has become a major obstacle to the recovery of the operating rate of copper processing enterprises and the recovery of copper consumption.