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15 JANUARY 2021 AL CIRCLE

Aluminium billet inventories in China decrease 3000 tonnes this week on slight increase in shipments

EDITED BY : DEBANJALI SENGUPTA 1MINS READ

Shanghai Metals Market data showed aluminium billet inventories in China decreased by 3,000 tonnes this week, ending on Thursday, January 14. According to SMM data, aluminium billet stocks fell across five major Chinese consumption areas to stand at 82,700 tonnes, following a surge of 14,900 tonnes last week to 85,700 tonnes.

Slight increase in shipments at warehouses was the primary reason for the decline in aluminium billet inventories this week, found SMM.

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

Aluminium billet inventories in China decrease 3000 tonnes this week on slight increase in shipments

Decline in aluminium billet inventories on January 14 did not touch upon all the major Chinese cities such as Wuxi and Nanchang. The stocks there grew by 1,300 tonnes and 500 tonnes, respectively, to stand at 12,400 tonnes and 10,500 tonnes.

Aluminium Industry Recap: 2020

In Huzhou, the inventories have declined the highest by 2,000 tonnes to 11,000 tonnes, followed by the downfall of 1,500 tonnes in Foshan to 40,100 tonnes and 1,300 tonnes in Changzhou to 8,700 tonnes.


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EDITED BY : DEBANJALI SENGUPTA 1MINS READ

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