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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Aluminium billet inventories in China rise on greater arrivals in Foshan and Huzhou
According to Shanghai Metals Market, inventories of aluminium billet rose for a fourth straight week as of Thursday, 19 September 2019. The rise was due to greater arrivals to social warehouses. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 113,100 tonnes as...
Aluminium billet inventories in China rise for third consecutive week
Shanghai Metals Market data showed that aluminium billet inventories rose for the third consecutive week on greater arrivals in Wuxi and Nanchang cities. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 107,100 tonnes as of Thursday September 12, up some 1,700...
Hydro Precision Tubing Tonder, Denmark selects Banyard LFi Smart System
Peter Kohling, Engineering Manager, Hydro Precision Tubing (HPTT) and Steve Short, Sales Manager, Inductotherm Heating & Welding Ltd, confirm the final commissioning of a new Banyard Aluminium Induction Billet Heating System for the HPTT P27 9” press upgrade programme. Inductotherm Banyard provided...
Aluminium billet inventories in China rise for second consecutive week
Shanghai Metals Market data showed that stocks of 6063 aluminium billet across five major consumption areas in China stood at 105,400 tonnes as of Thursday September 5, up some 13,700 tonnes from 91,700 tonnes on Thursday August 29. Aluminium billet inventories grew for the second consecutive week...
Aluminium billet inventories in China rise after falling for two weeks
Stocks of 6063 aluminium billet across five major consumption areas in China stood at 91,700 tonnes as of Thursday August 29, an increase of some 400 tonnes from 91,300 tonnes Thursday August 22, according to Shanghai Metals Market. Aluminium billet inventories grew this week after two consecutive...
Aluminium billet inventories in China decline by some 2,400 tonnes on week
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas stood at 91,300 tonnes as of Thursday August 22, down some 2,400 tonnes from Thursday August 15. Aluminium billet inventories extended their declines while consumption remained sluggish....
Almex to provide aluminium billet and slab casting technology and equipment to Western Extrusions
Almex USA Inc. has announced its selection as the technology and equipment provider for the future casthouse of Western Extrusions Corporation of Carrollton, Texas, USA. Western is one of the leading independent aluminum extruders in North America and its Carrollton facility among the largest in...
Aluminium billet inventories in China decline by some 2,200 tonnes
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas stood at 93,700 tonnes as of as of Thursday August 15, down some 2,200 tonnes from Thursday August 8. Aluminium billet inventories dropped this week with a significant decline in stocks in...
China’s inventories of aluminium billet rise 12,500 tonnes on weak consumption
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas stood at 95,900 tonnes as of as of Thursday August 8, an increase of some 12,500 tonnes from Thursday August 1. Aluminium billet inventories continued to expand this week as downstream...
Hydro Extrusion USA Cressona Plant selects Banyard LFi Smart System
Inductotherm Heating & Welding is pleased to announce the successful Factory Acceptance of a new Banyard induction heater to Hydro Extrusion USA. The heater is combined with a Banyard LFi Smart System, and includes of a Zero Friction, Multi Zone Coil Induction Heater for 10” Aluminium Billets, for...
Aluminium billet inventories in China continue to rise by some 700 tonnes this week
According to Shanghai Metals Market, the inventories of 6063 aluminium billet have extended week-on-week growth by some 700 tonnes today, August 1, across five major consumption areas in China to stand at 83,400 tonnes. On July 25, the inventories were at 82,700 tonnes after rising by some 1,600...
Poor downstream consumption prompts growth in aluminium billet inventories this week
According to Shanghai Metals Market, the inventories of 6063 aluminium billet have increased on Thursday, July 25, by some 1,600 tonnes to stand at 82,700 tonnes. Poor downstream consumption could be a reason for this weekly rise in aluminium billet inventories. In the last two weeks, on July 11...
Aluminium billet inventories extend drop in China by 400 tonnes; Alloy prices record no change
According to Shanghai Metals Market, inventories of aluminium billet in China have recorded further decline this week, as stocks in Foshan of Guangdong province has dipped significantly. Across five major consumption areas, the stocks of 6063 aluminium billet have decreased by some 400 tonnes over...
Uniprom opens silumin alloys production unit at its local aluminium smelter KAP
Montenegrin aluminium company Uniprom has reportedly opened a silumin alloys production unit worth 10 million euro or $11.3 million at its local aluminium smelter KAP. The news arrived after the government officially announced about the opening of the manufacturing unit on Monday, July 15. At this...
China’s inventories of aluminium billet drop 1,700 tonnes on smaller arrivals
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas stood at 81,500 tonnes as of Thursday, July 11, a drop of 1,700 tonnes from 83,200 tonnes on Thursday, July 4. Inventories of aluminium billet increased 5,500 tonnes in the previous week....
Aluminium billet stocks rise 5,500 tonnes on greater arrivals and poor consumption
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China came in at 83,200 tonnes as of Thursday, July 4, an increase of some 5,500 tonnes from 77,700 tonnes on Thursday, June 27. Inventories of aluminium billet grew some 6,000 tonnes in the...
China’s inventories of aluminium billet rise 6,000 tonnes on weak consumption
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China came in at 77,700 tonnes on Thursday, 27 June 2019. Inventories of aluminium billet rose some 6,000 tonnes from 71,700 tonnes on Thursday, June 20. Aluminium billet stocks in China...
Aluminium billet inventories record W-o-W decline today by 2,200 tonnes
Followed by the increase in aluminium billet inventories last week on June 13, the inventories today, on June 20, have recorded a plunge in China due to fewer arrivals of deliveries at warehouses and moderate downstream consumption. Shanghai Metals Market data shows that the stocks of 6063...
