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THINK ALUMINIUM THINK AL CIRCLE
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China increased by 37,400 tonnes on lower shipments due to the Chinese New Year holiday. The stocks came in at 165,500 tonnes as of Wednesday February 10.
Aluminium billet shipments stood at 14,000 tonnes this week. Shipments dropped by 13,300 tonnes. The chart below indicates the current status of aluminium billet inventories across China in more details:
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Inventories of aluminium billets in Foshan increased the most, standing at 77,900 tonnes as of Wednesday, 10 February 2021. That was up 15,100 tonnes from last week. The stocks in Wuxi and Changzhou stood at 35,200 tonnes and 16,100 tonnes, an increase of 12,700 tonnes and 2,900 tonnes from last week.
Aluminium billet inventories in Huzhou and Nanchang rose 4,000 tonnes and 2,700 tonnes to stand at 18,000 tonnes and 18,300 tonnes.
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