China’s aluminium billet inventories inches down by 200 tonnes on May 27
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 200 tonnes from previous week to stand at 88,300 tonnes as of Thursday, 27 May 2021.
Aluminium billet Shipments out of warehouses reduced by 13,700 tonnes on the week to 52,100 tonnes last week. The inventories are expected to rise slightly next week due to measures to regulate and control commodities prices.
{alcircleadd}The chart below indicates the current status of aluminium billet inventories across China in more details:
Inventories of aluminium billets in Wuxi reduced by 2,831 tonnes, standing at 16,737 tonnes as of Thursday, 27 May 2021. But the stocks in Foshan, Huzhou and Nanchang climbed by 1,200 tonnes, 1,000 tonnes and 1,400 tonnes to stand at 44,600 tonnes, 8,000 tonnes and 11,200 tonnes.
The Aluminium billets inventories in Changzhou registered a decline today. The stock stood at 7,800 tonnes on Thursday, 27 May 2021. That was up 1,000 tonnes from previous week.
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