Aluminium billet inventory grows further in low season

SHANGHAI, Jul 26 (SMM) – Inventory of aluminium billet in China rose further over the week as consumption stayed sluggish amid a low season, SMM research found on Thursday July 26.

This marked a fourth consecutive week of increase.

Inventory of 6063 aluminium billet across five major consumption areas increased by 8,600 mt from last Thursday to stand at 79,400 mt, SMM data showed.

Details are as follows:

Foshan, Guangdong – 47,400 mt

Wuxi, Jiangsu – 11,000 mt

Changzhou, Jiangsu – 6,400 mt

Huzhou, Zhejiang – 7,300 mt

Nanchang, Jiangxi – 7,300 mt