High demand for aluminium extrusions continuing to deplete aluminium billet inventories in China

According to Shanghai Metals Market, stocks of 6063 aluminium billet have extended their decline today, on April 25, across five major consumption areas in China. Higher demand for aluminium extrusion still remains a major factor behind these depleted inventories.

As of April 25, inventories have fallen some 6,400 tonnes from last Thursday, April 18, to come in at 92,200 tonnes, SMM data shows.

This is the seventh consecutive week that aluminium billet inventories have shrunk.

In major cities like Foshan, Guangdong, the inventories have recorded a drop by 9,300 tonnes to stand at 55,300 tonnes; while in Wuxi, Jiangsu, the inventories have shown restraint at 18,500 tonnes. In Changzhou, Jiangsu and Huzhou, Zhejiang, on the other hand, the inventories have risen week-on-week by 300 tonnes and 1,800 tonnes to clock at 6,500 tonnes and 8,000 tonnes, respectively.

The below chart shows the current status of aluminium billet inventories in more details:

In this background, the price of aluminium alloy (A356) has registered a rise today by RMB 50 per tonne to RMB 14850 per tonne. But the prices of aluminium alloys (ADC12) and aluminium alloy (A380) have shown restraint at RMB 14,650 per tonne and RMB 15,450 per tonne, respectively.

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