Aluminium billet stocks fall as deliveries remain en route

Published: Jun 6, 2019 11:01
Stocks decreased by some 14,100 mt from May 30 to stand at 63,100 mt as of Jun 6

SHANGHAI, Jun 6 (SMM) – Inventories of aluminium billet in China continued to fall this week, as significant deliveries have yet to arrive at warehouses.

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas decreased by some 14,100 mt from Thursday May 30 to stand at 63,100 mt as of Thursday June 6, after a decline of 1,200 mt in the previous week.

Foshan, Guangdong – 27,000 mt

Wuxi, Jiangsu – 7,200 mt

Changzhou, Jiangsu – 7,000 mt

Huzhou, Zhejiang – 7,500 mt

Nanchang, Jiangxi – 14,400 mt

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.

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Aluminium billet stocks fall as deliveries remain en route - Shanghai Metals Market (SMM)