More arrivals, weak consumption grow aluminium billet inventories

SHANGHAI, Jul 5 (SMM) – China’s aluminium billet inventory increased over the week ended Thursday July 5 as arrivals grew and as consumption weakened, SMM learned.

Inventories of 6063 aluminium billet across five major consumption areas in China rose by 4,300 mt from last Thursday to stand at 65,600 mt, SMM data showed.

Details are as follows:

Foshan, Guangdong – 42,300 mt

Wuxi, Jiangsu – 3,400 mt

Changzhou, Jiangsu – 8,000 mt

Huzhou, Zhejiang – 6,300 mt

Nanchang, Jiangxi – 5,600 mt