China’s aluminium billet inventories fall to 99,000 tonnes on July 29
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped by 20,600 tonnes from the previous week to 99,000 tonnes on Thursday, July 29, 2021.
China’s aluminium billet outbound volume rose 6,700 tonnes to 53,200 tonnes last week. The chart below indicates the current status of aluminium billet inventories across China in more details:
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Stocks in all five major consumption areas fell on Thursday. Inventories of aluminium billets in Foshan, Wuxi and Changzhou reduced by 4,400 tonnes, 2,760 tonnes and 4,600 tonnes from last week to stand at 47,900 tonnes, 16,410 tonnes and 9,400 tonnes on Thursday, 29 July 2021.
The stocks of billets in Huzhou fell significantly by 5,000 tones, standing at 7,000 tonnes from 12,000 tonnes on 22 July. The inventories in Nanchang stood at 18,300 tonnes on July 29, a drop of 3,850 tonnes from 22,150 tonnes last week.
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