According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped 700 tonnes from previous week to stand at 90,200 tonne as of Thursday, 29 October 2020.
The chart below indicates the current status of aluminium billet inventories across China in more details:
Foshan saw significant drop in the billet stocks. The inventories in Foshan declined by 8,800 tonnes from last week to stand at 32,500 tonnes. In Changzhou and Nanchang, the billet stocks stood at 10,010 tonnes and 12,560 tonnes, an increase of 540 tonnes and 1,810 tonnes.
The stocks in Wuxi and Huzhou rose by 1,720 tonnes and 4,000 tonnes on Thursday, 29 October 2020 to stand at 20,100 tonnes and 15,000 tonnes today.
source https://www.alcircle.com/news/aluminium-billet-inventories-in-foshan-decline-by-8-800-tonnes-to-32-500-tonnes-59507
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