Aluminium billet inventories rose 3,400 mt on week on larger arrivals

SHANGHAI, Sep 10 (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 3,400 mt from a week ago to 63,600 mt as of Thursday September 10.

Inventories in Foshan, Changzhou, Huzhou and Nanchang accumulated week on week, while stocks in Wuxi declined slightly, with Nanchang rose the most.