Improved consumption lowers aluminium billet stocks on week

SHANGHAI, May 16 (SMM) – Inventories of aluminium billet in China shrank in the week to Thursday May 16 as downstream consumption picked up, SMM data showed. 

Stocks of 6063 aluminium billet across five major consumption areas decreased some 2,900 mt from Thursday May 9 to stand at 93,600 mt as of Thursday May 16, after a buildup of 1,600 mt in the previous week. 

Details:

Foshan, Guangdong – 48,000 mt

Wuxi, Jiangsu – 18,000 mt

Changzhou, Jiangsu – 8,500 mt

Huzhou, Zhejiang – 11,500 mt

Nanchang, Jiangxi – 7,600 mt