Aluminium billet inventories continue fall as tax cuts bolster purchasing interest

SHANGHAI, Mar 21 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China extended declines this week as the upcoming tax cuts drove downstream consumers to make purchases.

As of Thursday March 21, the inventories fell 6,900 mt from a week ago to stand at 137,600 mt, SMM data showed.

Details:

Foshan, Guangdong – 92,300 mt

Wuxi, Jiangsu – 20,800 mt

Changzhou, Jiangsu – 13,500 mt

Huzhou, Zhejiang – 4,000 mt

Nanchang, Jiangxi – 7,000 mt