The aluminium billet inventories in China dropped by 4,000 tonnes or 1.5% week-on-week across five major consumption areas. As a result, the inventories recorded at 260,600 tonnes, as of Thursday, February 24.
Some popular aluminium extruders have begun to resume work this week, while the others will return to work by the end of February or early March. Because market demand is likely to stay stable, inventories of aluminium billets are expected to decrease somewhat.
{alcircleadd}The chart below indicates the current status of aluminium billet inventories across China in more details:
In Foshan, the aluminium inventories declined by 1,300 tonnes this week to peg at 124,900 tonnes. For the same day in Wuxi the aluminium inventories dropped by 200 tonnes to settle at 60,900 tonnes.
In Changzhou the inventories moved up by 1,200 tonnes to record at 30,300 tonnes. In Huzhou and Nanchang the aluminium inventories plummeted by 1,000 tones and by 2,700 tonnes to score at 29,000 tonnes and 15,500 tonnes.
Responses
