China’s aluminium billet inventories build-up 17,600 tonnes to close the week at 267,500 tonnes
According to the Shanghai Metals Market, aluminium billet inventories gained 17,600 tonnes or 7.04 per cent from Monday to close the week ended Thursday, February 10, at 267,500 tonnes. The inventories increased across each of the five regions in China as the overall demand for aluminium billets was sluggish.
The chart below indicates the current status of aluminium billet inventories across China in more details:
Foshan was the biggest contributor to the inventory growth on Thursday, with an increase of 9,100 tonnes or 7.23 per cent to 134,900 tonnes, followed by Wuxi, with a rise of 3,200 tonnes in inventories to 59,700 tonnes.
In Huzhou and Nanchang, aluminium billet inventories grew by 3,000 tonnes or 1,900 tonnes from Monday to stand at 26,000 tonnes and 24,500 tonnes, respectively. In Changzhou, on the other hand, inventories only inched up by 400 tonnes to come in at 22,400 tonnes as of February 10.
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