On Thursday, November 16, China’s aluminium billet inventories dropped by only 1,000 tonnes week-on-week to stand at 97,500 tonnes, according to the Shanghai Metals Market survey. The downfall occurred in Foshan, Wuxi, Changzhou, and Huzhou but was slightly offset by the hike in Nanchang.
To know the status of China’s aluminium billet inventories in more details as of November 16, refer to the chart below:
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In Foshan, aluminium billet inventories on November 16 slipped by 2,400 tonnes week-on-week and 1,000 tonnes from Monday, November 13, to come in at 39,800 tonnes, found SMM. In Wuxi, the inventories stood at 20,400 tonnes on November 16, down by 1,300 tonnes from November 9 and 1,700 tonnes from November 13.
Changzhou also saw a fall of 1,300 tonnes week-on-week to peg at 7,300 tonnes on November 16. From November 13, the inventories dropped by 1,000 tonnes, showed SMM. Huzhou remained restrained compared to 18,000 tonnes on November 13 but dropped by 1,000 tonnes from 19,000 tonnes on November 9.
Nanchang was the only Chinese province that saw a hike in aluminium billet inventories on November 16. The inventories grew by 5,000 tonnes week-on-week from 7,000 tonnes to 12,000 tonnes.
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