China’s aluminium billet inventories kick-start 2021 with a gain of 14,900 tonnes week-on-week
According to the Shanghai Metals Market, 6063 aluminium billet inventories have gained 14,900 tonnes across China's five consumption areas on Thursday, January 7. Data shows the stocks have come in at 85,700 tonnes from 70,900 tonnes on November 31. Last Thursday, the inventories dropped by 1,500 tonnes week-on-week.
The chart below indicates the current status of aluminium billet inventories across China in more details:
In Foshan, aluminium billet inventories have built-up 9,100 tonnes to stand at 41,600 tonnes, followed by an increase of 3,200 tonnes in Nanchang to 10,000 tonnes. In Changzhou and Huzhou, aluminium billet stocks have grown by 1,600 tonnes and 1,000 tonnes, respectively, to come in at 10,000 tonnes and 13,000 tonnes.
In Wuxi, however, the inventories have remained restrained at 11,100 tonnes week-on-week, found SMM.
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