SHANGHAI, Nov 19 (SMM) – Inventories of aluminium billet in China decreased this week due to a decline in arrivals at warehouses.
SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China fell 12,500 mt from a week ago to 75,400 mt as of Thursday November 19.
Inventories in Foshan, Changzhou, and Nanchang declined week on week, stocks in Huzhou remained unchanged while inventories in Wuxi rose slightly. Stocks in Foshan fell the most.
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