Aluminum Billet Inventory In China Falls Thanks To Pre-Holiday Stocking

SHANGHAI, Sep 28 (SMM) – The market's bearish sentiment on aluminum billet has been dominating due to high aluminum prices, resulting in an oversupply. However, recent aluminum billet consumption and outflow have slightly rebounded, thanks to the traditional peak season and pre-holiday stockpiling. This reduced inventory to below 90,000 mt. On September 25, 2023, SMM recorded domestic aluminum billet inventory at 82,200 mt, down 2,900 mt from last Thursday. This level is still low for the same period in the past three years. The current inventory level is close to that of the same period last year. The decrease in inventory mainly came from the Huzhou and Wuxi regions, while the South China region maintained a reduction in inventory due to good outflow performance and fewer arrivals