Aluminium billet inventories in China rise by 4,400 tonnes to 94,500 tonnes
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased this week due to higher arrivals. The inventories rose 4,400 tonnes from previous week to stand at 94,500 tonne as of Thursday, 05 November 2020.
The chart below indicates the current status of aluminium billet inventories across China in more details:
Inventories in Foshan, Changzhou and Nanchang increased by 2,500 tonnes, 1,700 tonnes and 490 tonnes to stand at 35,000 tonnes, 11,710 tonnes and 13,050 tonnes on Thursday, 05 November 2020. The stocks in Huzhou remained unchanged at 15,000 tonnes.
But the stocks in Wuxi witnessed a drop today. The inventories decline by 330 tonnes from last week to stand at 19,770 tonnes as of Thursday, 05 November 2020.
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