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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Tax cuts drive aluminium billet processing fees to 3-months high
Shanghai Metals Market found processing fees for aluminium billet in Guangdong climbed to nearly three-months high this week as traders withheld from selling cargoes to await lower value-added tax rates. As on Monday, processing fees for φ90 aluminium billet in Guangdong were offered at more than...
Matalco’s US$80 million aluminium recycling plant in Wisconsin expects to have a ground breaking in June
Matalco’s US$80 million aluminium recycling plant in Wisconsin Rapids got preliminary approval from the city's Finance and Property Committee to the purchase agreement for the land and the developer's agreement for the project. Matalco Vice President for Corporate Development Robert Roscetti says...
Aluminium billet inventory drops on higher consumption; Aluminium alloy (A356) price up RMB50/t
Stocks of 6063 aluminium billet across five major consumption areas in China declined 6,500 tonnes from a week ago to stand at 144,500 tonne as of Thursday March 14, Shanghai Metals Market data showed. Higher consumption and limited arrivals accounted for the decrease in aluminium billet stocks....
6063 aluminium billet stocks increase marginally over the week: SMM
According to Shanghai Metals Market, 6063 aluminium billet stocks across five major consumption areas in China increased this week with varying consumptions in markets. Over the week ended on March 7, inventories gained 4,300 tonnes of aluminium billet to stand at 151,000 tonnes. Last week, on...
6063 aluminium billet stocks decline W-o-W in China on fewer arrivals to warehouses
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas further extended decline in China. SMM research found that after plunging over the week, billet stocks came in at 146,700 tonnes today, on February 28. Last week, on February 21, the inventories...
China’s aluminium billet stocks decline some 4,800 tonnes; aluminium alloys (A356) price up RMB50/t
Stocks of 6063 aluminium billet across five major consumption areas in China declined some 4,800 tonnes from Thursday February 14. Aluminium billet inventories now stood at 164,500 tonne as of Thursday February 21, Shanghai Metals Market data showed. Limited cargoes arrived at warehouses and this...
China’s aluminium billet stocks expand by 12,600 tonnes on week
According to Shanghai Metals Market, as of Thursday February 14, stocks of 6063 aluminium billet across five major consumption areas in China increased some 12,600 tonnes from Monday February 11. Stocks of aluminium billet now stood at 169,300 tonnes. In Foshan and Guangdong and in Changzhou,...
Matalco to construct aluminium billet manufacturing facility in Wisconsin
Matalco Inc., a producer of aluminium extrusion and forging grade billet and rolling ingot slab manufactured primarily from scrap aluminium, announced that it will invest $80 million to construct a new state-of-the-art billet manufacturing facility in Wisconsin Rapids, Wisconsin. “This significant...
Aluminium billet stocks in China expanded further over the week
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased some 22,500 tonnes over the week ended Thursday January 31. Stocks of aluminium billets now stood at 110,200 tonnes. In Foshan and Guangdong and in Changzhou, Jiangsu, the...
Aluminium billet stocks in China expanded 7,000 tonnes over the week
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased some 7,000 tonnes over the week ended Thursday January 24. Stocks now stood at 87,700 tonnes. In Foshan and Guangdong and in Changzhou, Jiangsu, the billets stocks increased...
6063 aluminium billet stocks record a dip in China by 8,800 tonnes over the week
According to Shanghai Metals Market, stocks of 6063 aluminium billet shrank over the week ended on January 17, across five major consumption areas in China. Since the stocks dipped 8,800 tonnes they now stood at 80,700 tonnes, SMM data showed. The reason for this plunge in aluminium billet stocks...
Aluminium billet stocks expanded 1,400 tonnes on weaker demand
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China expanded 1,400 tonnes over the week ended on Thursday, December 27, to stand at 11,000 tonnes. Weaker demand accounted for increase in billet stocks. The below chart shows the current...
Chinese aluminium billet inventories record the biggest weekly drop on poor production and transportation shortage
According to Shanghai Metals Market, the week ended on December 20 recorded the biggest weekly decline in social aluminium billet inventories in last eight months. The inventories dropped 11,900 tonnes because of smaller arrivals and sellers destocking at the year-end. Deliveries from social...
Chinese primary aluminium inventories drop slower over the weekend; A00 ingot price increases RMB 60/t
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, dropped 4,000 tonnes over the weekend ended on Monday, December 24, to stand at 1.276 million tonnes. The decline was, however, slower compared to the...
Chinese aluminium alloys price drops despite lowered billet inventories: A00 ingot price grows
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China shrank some 11,900 tonnes over the week ended on Thursday, December 20, to stand at 108,600 tonnes. The reason for this decline could be the smaller arrivals of billets to warehouses...
Zhongfu Industrial to close Henan aluminium capacity and relocate it in its Guangyuan plant for cost advantage
Rising prices of coal and winter production curbs are making aluminium producers in Northern China unprofitable and they are closing down capacities to transfer the same to south China. Henan-based Zhongfu Industrial has decided to shut its subsidiary, Linfeng Aluminum & Power in Linzhou city of...
Chinese aluminium alloy price shows restraint on increased billet inventories and ingot price hike
According to the Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China grew some 2,600 tonnes over the weekend ended on Thursday, December 13 to stand at 120,500 tonnes. The reason behind this increase in billet inventories could be fewer purchases of...
Nalco producing Strontium Modified Aluminium Billets as part of product diversification
National Aluminium Company (NALCO), a Navratna CPSE under Ministry of Mines, adds one more feather in its cap by undertaking a product diversification. It is reportedly producing a new product Strontium Modified Aluminium Billets CH-91 grade, which will particularly benefit the end-product...
