Lower stock arrivals lead to a further decline of 6,400t in China’s aluminium billet inventories this week

Lower arrivals of stocks at warehouses, coupled with robust demand, have further fuelled the downfall of 6063 aluminium billet stocks in China this week, ending on Thursday, November 26. China’s aluminium billet inventories today have shrunk by 6,400 tonnes across the five major consumption areas to stand at 69,000 tonnes.

Last week, the inventories stood at 75,400 tonnes, declining by 12,500 tonnes week-on-week. This shows the downfall today has lowered by 6,100 tonnes than the previous week.

The chart below indicates the current status of aluminium billets inventories across China in more details.

In Foshan, aluminium billet inventories on November 26 have decreased sharply by 9,600 tonnes to stand at 12,600 tonnes from 22,200 tonnes on last Thursday; while in Wuxi, the stocks dipped merely by 700 tonnes to come in at 19,400 tonnes as against 20,100 tonnes last week.

In Nanchang and Changzhou, on the other hand, aluminium billet inventories have increased by 2,300 tonnes and 1,590 tonnes, respectively, to peg at 12,800 tonnes and 10,200 tonnes. In Huzhou, however, the stocks have remained restrained at 14,000 tonnes