Aluminum Billet Stocks In China Hit The Lowest In The Same Period Of Past Three Years

Aluminum billet inventory dropped to 64,900 mt on December 21, down 10,500 mt from last Monday and 17,300 WoW, marking a near 3-year low and accelerating depletion. Midweek saw record lows amid active supply and demand. Supply-side, since December, a northern group's cut in billet production eased early-month supply pressure. The arrivals of aluminium billets in the three major consumption areas have remained tight. Demand-side, billet processing fees have notably pulled back, stopping downstream factories from substituting ingots for billets short-term, thus improving billet outflow from warehouses last week.