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14 FEBRUARY 2020 AL CIRCLE

China’s aluminium billet inventories rose 23,800 tonnes on week

EDITED BY : HEENA IQBAL 1MINS READ

As updated by Shanghai Metals Market, Stocks of 6063 aluminium billet across five major consumption areas in China stood at 170,600 tonnes as of Thursday February 13, an increase of 23,800 tonnes from February 6. The inventory expanded 46,800 tonnes between January 23 and February 6.

The chart below indicates the current status of aluminium billet inventories across China in more details:

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aluminium

Inventories of aluminium billet in Foshan and Wuxi stood at 66,400 tonnes and 29,000 tonnes on Thursday, up 7,200 tonnes and 5,500 tonnes from February 6. Stocks in Changzhou, Huzhou and Nanchang rose 400 tonnes, 4,000 tonnes and 6,800 tonnes to stand at 19,200 tonnes, 34,000 tonnes and 22,100 tonnes.

The aluminium alloy (ADC12) price on Friday, 14 February 2020, remained unchanged at RMB 15,000 per tonne and is expected to move within a range of RMB 14,900 per tonne-15,100 per tonne. The price of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stood at RMB 14200 per tonne each, a decrease of RMB 50 per tonne each. Their prices are expected to move within a range of RMB 14050- 14350 per tonne and RMB 14100- 14300 per tonne.


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EDITED BY : HEENA IQBAL 1MINS READ

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