On Thursday, August 4, China's aluminium billets inventory increased by 8,800 tonnes W-o-W to close at 116,400 tonnes, from 107,600 tonnes recorded last week. Since upstream output remained steady primarily, the supply doesn't appear to be decreasing. The stockpile of aluminium billets will most likely increase the following week.
The figure below provides further information on the current state of aluminium billet inventories in China:
The inventory in Foshan hiked by 13,400 tonnes to settle at 79,400 tonnes from 66,000 tonnes recorded last week. In Foshan, the inventory increased by 20.3 per cent from last Thursday due to concentrated Yunnan imports and weak downstream demand. For the same day in Wuxi, the inventory increased by 200 tonnes to close at 15,000 tonnes.
In Changzhou, the inventory had declined by 1,300 tonnes to halt at 4,000 tonnes from 5,300 tonnes recorded last Thursday. For the same day in Huzhou, the inventory shrank by 3,000 tonnes to stop at 16,000 tonnes. Nanchang also witnessed a drop of 500 tonnes to record at 2,000 tonnes from 2,500 tonnes last Thursday.
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