Aluminium Billet Inventories in China Drop (Apr 17, 2023)

SHANGHAI, Apr 17 (SMM) – SMM data showed that the aluminium billet social inventories across China’s five major markets totalled 155,000 mt as of April 17, down 4,500 mt from last Thursday. However, the figure was up 21,000 mt compared with the same period in 2022.

Aluminium billet outflows from social warehouses in major markets added 9,700 mt week-on-week to 44,700 mt in the week ending April 17.

SMM will keep a close eye on future arrivals and whether the destocking will sustain.