Aluminium billet inventories dipped 16,300 mt on week

SHANGHAI, Apr 30 (SMM) – Inventories of aluminium billet in China fell for the eighth consecutive week as of April 30 as brisk consumption lowered stocks in Wuxi, Huzhou and Changzhou.

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China declined 16,300 mt in the week ended April 30 to 129,400 mt. This followed a decline of 19,300 mt in the previous week.

Stocks in Nanchang were little changed this week while inventories in Foshan edged higher.