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 record growth of 10,800 tonnes on increasing deliveries and moderate consumption
According to Shanghai Metals Market, aluminium billet inventories in China have rebounded over the week ended on June 13, as more deliveries have arrived at warehouses and downstream consumption remained moderate. SMM data shows that the stocks of 6063 aluminium billet across five major Chinese...
Aluminium billet inventories shrink by 14,000 tonnes over the week
According to Shanghai Metals Market, aluminium billet inventories in China have extended fall over the week ended on June 6, as significant deliveries have yet to arrive at warehouses. SMM data shows that the stocks of 6063 aluminium billet across five major consumption areas have decreased today...
Aluminium billet inventories extend downfall on improved downstream consumption
Shanghai Metals Market found aluminium billet inventories to further shrink today, on May 30, by some 1,200 tonnes week-on-week, as lower processing fees buoyed downstream consumption. Last week, on May 23, the billet inventories were at 79,700 tonnes after declining by some 13,900 tonnes from...
6063 aluminium billet inventories further shrink to 79,700 tonnes on lower cargo arrivals
According to Shanghai Metals Market, inventories of 6063 aluminium billet in China continue to shrink over the week on lower cargo arrivals. After decreasing by some 13,900 tonnes today, on May 23, aluminium billet stocks are standing at 79,700 tonnes across five major consumption areas. This...
Aluminium billet stocks in China drop 2,900 tonnes on improved consumption
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China came in at 93,600 tonnes on Thursday, 16 May 2019. Inventories of aluminium billet dropped some 2,900 tonnes from 96,500 tonnes on Thursday, May 9. Aluminium billet stocks declined in...
Inventories of aluminium billet in China extend gains of 1,600 tonnes
Stocks of 6063 aluminium billet extended their gains today across five consumption areas. Aluminium billet inventories increased some 1,600 tonnes from Sunday, May 5 to stand at 96,500 tonnes as of Thursday May 9. Inventories in China gained this week as buyers stood on the sidelines, according to...
Aluminium billet inventory records growth of some 2,700 tonnes; aluminium alloy price inches down
On more cargo arrivals in China post Labour Day Holiday from May 1 to May 4, stocks of 6063 aluminium billet across five major consumption areas recorded a growth on May 5, found Shanghai Metals Market. The inventories thus, stood at 94,900 tonnes after rising by some 2,700 tonnes from April 25....
Uniprom starts construction work of its aluminium billets production unit
Montenegro-based aluminium company Uniprom has reportedly started the construction of an aluminium billets production unit worth 15 million euro ($16.7 million) at aluminium smelter KAP’s factory in Podgorica. The news came after the economy ministry announced this on Wednesday, April 24. The...
High demand for aluminium extrusions continuing to deplete aluminium billet inventories in China
According to Shanghai Metals Market, stocks of 6063 aluminium billet have extended their decline today, on April 25, across five major consumption areas in China. Higher demand for aluminium extrusion still remains a major factor behind these depleted inventories. As of April 25, inventories have...
Increasing consumption of aluminium extrusions to continue bolstering aluminium billets processing fees
According to Shanghai Metals Market, the processing fees for aluminium billets are likely to remain strong in the medium terms, as the orders for aluminium extrusions have improved in a peak during March-May season. In March, the operating rates across major Chinese aluminium extrusion producers...
Metal Exchange Corporation on a JV with Novellini for secondary aluminium billet supply in Europe
Metal Exchange Corporation (MEC) has announced a new joint venture with Novellini Industries; located in Mantova, Italy. The newly formed company called novALmec will enhance its aluminium billet supply capability to the European market. Metal Exchange Corporation, a privately owned business at St....
6063 aluminium billet inventories record greater W-o-W decline; aluminium alloy price registers no change
According to Shanghai Metals Market (SMM), 6063 aluminium billet inventories saw a greater decline this week across five major consumption areas in China. As of Thursday, April 18, the inventories fell some 9,800 tonnes from a week ago and came in at 98,600 tonnes, SMM data showed. Higher demand...
6063 aluminium billet inventories continue to decline for the fifth consecutive week
According to Shanghai Metals Market, the inventories of 6063 aluminium billet continue to drop for the fifth consecutive week across five major Chinese consumption areas, as consumption recovered at a slower pace. The SMM data shows the aluminium billet inventories as on today, April 11, are...
6063 aluminium billet inventories extend week-on-week decline to 112,000t
According to Shanghai Metals Market, inventories of 6063 aluminium billet across five major consumption areas in China saw a smaller decline this week as value-added tax cuts lowered purchases. As of today, April 4, the inventories were found at 112,000 tonnes, after falling by some 8,700 tonnes...
“For aluminium field the outlook is positive not only for the current year but we foresee an extremely positive result also for the period between 2020 and 2024,” Alberto Ghisetti, Sales Director, Continuus-Properzi
Continuus-Properzi is a world leader in the field of continuous casting lines for nonferrous metal sector. Mr. Alberto Ghisetti is working at Continuus-Properzi since ten years, actually as Sales Director, focused in both aluminium and copper plants for rod and ingots production. He is graduated in...
6063 aluminium billet inventories today mark the third week-on-week decline
According to Shanghai Metals Market, 6063 aluminium billet inventories across five major consumption areas in China has a dropped today, on March 28, marking a third week of decline. Upcoming value-added tax cuts drove downstream consumers to purchase aluminium billets, which in turn resulted in...
Uniprom to invest €26m for construction of an aluminium billet unit and alloy plant in KAP smelter
Montenegrin based company Uniprom has announced its plan to invest around €26-million for upgrading the KAP aluminium smelter. The company's owner Veselin Pejović said this during his recent visit to KAP facilities. Uniprom KAP or Aluminium Plant Podgorica is an aluminium smelter located on the...
Chinese aluminium billet inventory declines 6,900 tonne; alloy price records a rise
Stocks of 6063 aluminium billet across five major consumption areas in China declined 6,900 tonnes from a week ago to stand at 137,600 tonnes as of Thursday March 21, Shanghai Metals Market data showed. Stocks of aluminium billet extended declines this week as the upcoming tax cuts drove downstream...
