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09 DECEMBER 2021 AL CIRCLE

Aluminium billet inventories in China grows by 13,800 tonnes this week to close at 85,500 tonnes

EDITED BY : SARNALI CHAKRABORTY 1MINS READ

According to the Shanghai Metals Market, aluminium billet inventories in China escalate by 13,800 tonnes week-on-week across five major consumption areas. As a result, the inventories settled at 85,500 tonnes as of Thursday, December9.

Only in Nanchang, inventories fell by 2,900 tonnes, or 21.82 percent, from Thursday, December 2. The inventories of the other four key markets all increased, with Foshan accounting for the most of the 8,500 tonnes rise (35.42 percent). The rise in weekly inventories was mostly due to additional aluminium billet deliveries and slow downstream demand.

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

Aluminium billet inventories in China climb by 13,800 tonnes this week to close at 85,500 tonnes

In Foshan, aluminium inventories climbed up by 8,500 tonnes this week to total at 32,500 tonnes. In Wuxi, inventories hiked by 4,750 tonnes to come in at 19,100 tonnes. In Changzhou, inventories soared up by 500 to record at 11,000 tonnes.

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In Huzhou, the inventories ascended by 3000 tonnes to peg in at 11,000 tonnes. In Nanchang, the inventories shrunk by 2,930 tonnes to score at 10,500 tonnes.


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EDITED BY : SARNALI CHAKRABORTY 1MINS READ

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