Construction demand lowers aluminium billet inventories

SHANGHAI, Apr 25 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China extended their decline as higher demand for construction materials depleted inventories. 

As of Thursday April 25, inventories fell some 6,400 mt from a week ago to stand at 92,200 mt, SMM data showed.

Aluminium billet inventories have fallen for seven consecutive weeks and shrank 9,800 mt last week.

Details:

Foshan, Guangdong – 55,300 mt

Wuxi, Jiangsu – 18,500 mt

Changzhou, Jiangsu – 6,500 mt

Huzhou, Zhejiang – 8,000 mt

Nanchang, Jiangxi – 3,900 mt