Aluminium billet inventories in China ascends by 32,900 to total at 113,200 tonnes

According to the Shanghai Metals Market, aluminium billet inventories in China hikes by 32,900 tonnes week-on-week across five major consumption areas. As a result, the inventories registered at 113,200 tonnes, as of Thursday, January 6.

On a weekly basis, inventories in the five major markets all increased, with Foshan and Huzhou seeing the largest increases. Inventory in Foshan increased by 14,700 mt, or 38.89%, over the previous week, while inventory in Huzhou increased by 10,000 mt, or 71.43%. The arrivals of aluminium billets have recently been high, according to the warehouses. The downstream industry, on the other hand, saw fewer orders as the Chinese New Year approached. The overall volume of aluminium billet trades has been low.

The chart below indicates the current status of aluminium billet inventories across China in more detail:

In Foshan, aluminium inventories in China escalated by 14,700 tonnes to close at 52,500 tonnes, for the same day.

On the other hand in Wuxi, the inventories surged by 4000 tonnes to total at 17,700 tonnes. For the same day in Changzhou, the inventories climbed up by 2,400 tonnes to record at 11,700 tonnes.

In Huzhou and Nanchang, the aluminium inventories in China ascended by 10,000 tonnes and 1,800 tonnes to peg at 24,000 tonnes and 7,300 tonnes, for the same day.