China aluminium ingot inventory falls to 850,000 tonnes as expected at end-August; what is the September destocking outlook?
Inventory overview: 850,000 tonnes arrives as expected; destocking pace slows marginally China’s aluminium ingot social inventory fell steadily from a phase high of 1.13 million tonnes in early July, with destocking of more than 170,000 tonnes in July alone. In August, the pace of destocking slowed...
Aluminium billet inventory drops to 139,500 tonnes, warehouse withdrawals recover, processing fees under pressure across the board
Aluminium billet inventory fell to 139,500 tonnes, warehouse withdrawals recovered and processing fees were broadly under pressure. According to SMM statistics, China's aluminium billet inventory in major consumption areas recorded 139,500 tonnes on August 27, down 5,000 tonnes from last Monday and...
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Vedanta and Hindalco raised price of aluminium ingots by 1% with effect from Wednesday December 25
Two major Indian aluminium producers Vedanta and Hindalco have raised their ingot prices in the domestic market. Vedanta has increased the prices of aluminium ingots by more than 1% with effect from December 25. The price for Vedanta aluminium now stands at INR 143,750-156,750 per tonne. This is...
Aluminium billet inventories drop by 1,700 tonnes for 11th straight week
As updated by Shanghai Metals Market, inventories of aluminium billet declined for the 11th consecutive week. Stocks of 6063 aluminium billet across five major consumption areas in China dropped by 1,700 tonnes from Thursday December 19 to stand at 50,600 tonnes as of Thursday December 26, after...
Hindalco increases its aluminium prices by over 1 per cent after two consecutive cuts
After two consecutive cuts, Hindalco Industries Limited has reportedly increased the prices of aluminium ingots, billets and wire rods, with effect from Friday, December 20. From INR 141,500 per tonne, the company's aluminium ingots price has been increased by 1.23 per cent to INR 143,250 per...
Aluminium billet inventories fall 2,100 tonnes, marking a tenth straight month of decline
As updated by Shanghai Metals Market, inventories of aluminium billet fell for the tenth consecutive week. Stocks of 6063 aluminium billet across five major consumption areas in China declined by 2,100 tonnes from Thursday December 12 to stand at 52,300 tonnes as of Thursday December 19, after...
Hindalco reduces aluminium prices by more than 1 per cent this week
Hindalco Industries Limited has reportedly reduced the prices of aluminium ingots, billets and wire rods for the second time this week. With effect from Wednesday, the prices are cut by more than 1 per cent. While the ingot price is reduced from INR143,250 per tonne, as on last Friday, December 6,...
Aluminium billet inventories fall for the ninth consecutive week
As updated by Shanghai Metals Market, inventories of aluminium billet fell for the ninth consecutive week. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 54,400 tonnes as of Thursday December 12, down 22,400 tonnes from December 5 . Inventories dropped 1,100...
Aluminium billet inventories decline for eighth week in a row
As updated by Shanghai Metals Market, inventories of aluminium billet continued to decline by 1,100 tonnes as of Thursday December 5, after dipping 8,800 tonnes in the previous week. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 76,800 tonnes. This marked the...
Aluminium billet inventories decline for the seventh consecutive week by 8,800 tonnes
Shanghai Metals Market found aluminium billet stocks in the southern markets of China lowered significantly, leading to the further decline in inventories for the seventh consecutive week, as of November 28. Data showed the inventories of 6063 aluminium billet across five major consumption areas in...
China’s aluminium billet inventories decline by 12,100 tonnes for six straight week
As updated by Shanghai Metals Market, Inventories of aluminium billet declined for the sixth straight week as of November 21. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 86,700 tonnes as of Thursday November 21, down 12,100 tonnes from November 14. The...
A00 aluminium ingot price stands at RMB13920/t; China’s aluminium billet inventories down by 13,500 tonnes
A00 aluminium ingot price dropped by RMB 10 per tonne or 0.07 per cent on Friday, 15 November 2019 after registering an increase yesterday. The price declined from RMB 13930 per tonne to RMB 13920 per tonne. The price is expected to range within RMB 13900-13940 per tonne. Spot aluminium price is...
Aluminium billet inventories decline by 3% for the fourth straight week in China
According to Shanghai Metals Market, inventories of aluminium billet in China, on November 7, declined for the fourth straight week, even after downstream consumption slowed down. SMM data showed the stocks of 6063 aluminium billet across five major consumption areas in China inched down 3,800...
Limited consumption of downstream aluminium curbs billet inventory decline in China
Shanghai Metals Market found the aluminium billet inventories dropped over the week, marking the third consecutive weekly fall, but at a slower pace as consumption weakened. According to the data, the stocks of 6063 aluminium billet shrank 1,900 tonnes to stand at 116,200 tonnes across five major...
Aluminium billet inventories in China decline for the second straight week
As updated by Shanghai Metals Market, Inventories of aluminium billet continued to decline on the back of decent consumption. Stocks of 6063 aluminium billet across five major consumption areas in China declined 11,100 tonnes from October 17 to stand at 118,100 tonnes as of Thursday October 24,...
Rebound in downstream aluminium consumption lowers aluminium billet inventories by 7,600t
Shanghai Metals Market found that 6063 aluminium billet stocks, across five major consumption areas in China, have recorded a decline by 7,600 tonnes to 129,200 tonnes on Thursday, October 17, followed by two consecutive rises after the Chinese National Day holiday. Recovering consumption is one of...
Aluminium billet inventories in China rise by 1,600 tonnes
As updated by Shanghai Metals Market, inventories of aluminium billet continued to rise by 1,600 tonnes as of Thursday, 10 October 2019, after increasing 35,400 tonnes over the National Day holiday. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 136,800...
SMM data shows primary aluminium inventory expands in China after National Day holiday
As shown by data from Shanghai Metals Market, social inventories of primary aluminium in China expanded over the week after the National Day holiday. As trading was closed because of the holidays and cargoes arrived in the warehouses, it led to an increase in stocks stemming several weeks of...
Aluminium billet inventories record a marginal drop of 700 tonnes after four consecutive weeks of rising
According to Shanghai Metals Market, the inventories of aluminium billet in China have recorded a fall this week after straight four weeks of increase. Data shows the stocks of 6063 aluminium billet across five major consumption areas are standing at 112,400 tonnes after declining by 700 tonnes, as...
Matalco’s aluminium recycling plant in Wisconsin Rapids receives all regulatory approvals
A proposed aluminium recycling plant in Wisconsin Rapids is likely to start construction soon after securing all the necessary permits. Matalco’s US$80 million aluminium recycling plant in Wisconsin Rapids got the preliminary approval for the land and the project from the city's Finance and...
