Aluminium billet inventories fell 3,000 mt on week on larger shipments

SHANGHAI, Jan 14 (SMM) – Inventories of aluminium billet in China decreased this week due to a slight increase in shipments at warehouses.

SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China fell 3,000 mt from a week ago to 82,700 mt as of Thursday January 14. 

Inventories in Wuxi and Nanchang increased week on week. Stocks in Wuxi rose the most by 1,300 mt. Inventories in Foshan, Huzhou and Changzhou all decreased. Among them, stocks in Huzhou fell the most by 2,000 mt.