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11 OCTOBER 2021 AL CIRCLE

Aluminium billet inventories in China increased by 19,500 tonnes last week ended October 8

EDITED BY : DEBANJALI SENGUPTA 1MINS READ

Aluminium billet inventories in China grew last week ended on Friday, October 8, by 19,500 tonnes across five major consumption areas, found the Shanghai Metals Market. That brought the aluminium billet stocks to 177,000 tonnes, primarily contributed by the inventory growth in Foshan.

The increase in aluminium billet inventories is mainly due to falling demand amid suspended production for the National Day holiday.  

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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 increased by 19,500 tonnes last week ended October 8

Among all the Chinese cities, Foshan saw the highest growth in billet inventories last week of 9,200 tonnes to stand at 94,600 tonnes as of October 8. In Nanchang and Huzhou, aluminium billet inventories increased by 3,500 tonnes and 3,000 tonnes, respectively, to come in at 24,000 tonnes and 16,000 tonnes.

Outlook for the Indian Aluminium Industry

In Wuxi and Changzhou, aluminium billet inventories gained 2,150 tonnes and 1,700 tonnes to close at 24,230 tonnes and 18,200 tonnes, respectively.

Tagged with:

Aluminium China Inventory SMM

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EDITED BY : DEBANJALI SENGUPTA 1MINS READ

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