Aluminium billet inventories rose 2,700 mt on week on larger arrivals

SHANGHAI, Dec 17 (SMM) – Inventories of aluminium billet in China increased this week due to increased arrivals.

SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China built up 2,700 mt from a week ago to 73,000 mt as of Thursday December 17.

Inventories in Foshan rose 7,100 mt week on week, while stocks in Wuxi, Huzhou, Changzhou and Nanchang all fell. Stocks in Changzhou fell the most by 1,900 mt.