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 chart below indicates the current status of aluminium billet inventories across China in more details:

Compared to last Thursday, inventories of aluminium billet in Foshan, Guangdong and Wuxi, Jiangsu stood at 34,800 tonnes and 18,300 tonnes as of Thursday, down 5,800 tonnes and 1,800 tonnes from 40,600 tonnes and 20,100. Stocks in Changzhou, Jiangsu dropped 2,700 tonnes to stand at 12,100 tonnes. Aluminium billet stock in Huzhou, Zhejiang increased by 1,000 tonnes on Thursday. Huzhou inventories rose from 11,000 tonnes to 12,000 tonnes. Nanchang, Jiangxi stocks totalled 9,500 tonnes, down 2,800 tonnes.

Aluminium alloy (ZLD102) and Aluminium alloy (ZLD104) inched up by RMB 100 per tonne each to RMB 14850 per tonne and RMB 14800 per tonne on Thursday, 21 November 2019. Their prices are expected to range at RMB 14700-15000 per tonne and RMB 14700-14900 per tonne.

Aluminium alloy (ADC12) price increased by RMB 50 per tonne to RMB 14650 per tonne today. The prices of aluminium alloy in East and West stood at RMB 14650 per tonne and RMB 14350 per tonne, up RMB50 per tonne each. Aluminium alloy (A380) and Aluminium alloy (A356) prices rose by RMB 50 per tonne and RMB 100 per tonne to RMB 15550 per tonne and RMB 14800 per tonne.