SHANGHAI, Apr 1 (SMM) –Shipments of aluminium billet out of warehouses rose 200 mt on the week to 66,000 mt.
SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China dropped 4,300 mt from the previous week to 193,800 mt as of Apr 1. Stocks dropped by 3,300 mt in Wuxi, 4,000 mt in Huzhou and 1,600 mt in Changzhou, but rose slightly in Foshan and Nanchang.
Stocks are expected to continue to shrink slightly next week as downstream users restock only as required.
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