Aluminium billet inventories in China loses 3,200 tonnes this week to settle at 181,200 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China decreased by 3,200 tonnes week-on-week across five major consumption areas. As a result, the inventories closed at 181,200 tonnes on Thursday, October 21.
Stock decline in Foshan and Nanchang resulted in the decrease in aluminium billet inventories this week. According to SMM, the inventory of aluminium billet declined because the arrivals contracted this week and the shipments picked up significantly day before as the aluminium prices moved down.
The chart below indicates the current status of aluminium billet inventories across China in more detail:
In Foshan, aluminium billet inventories decreased by 3,700 tonnes this week to close at 95,700 tonnes. In Nanchang, inventories declined by 2,500 tonnes to settle at 25,000 tonnes, while stocks in Wuxi and Changzhou moved up by 2,850 tonnes and 100 tonnes to total at 22,770 tonnes and 18,700 tonnes, respectively.
Meanwhile, in Huzhou, aluminium billet inventories remained unchanged and settled at 14,000 tonnes as of October 21.
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