Aluminium billet inventories continue growth with weak demand

SHANGHAI, Sep 13 (SMM) – Inventories of aluminium billet across major consumption areas in China continued to grow this week as consumption in Guangdong area remained sluggish, SMM research found.

Stocks of 6063 aluminium billet across five major consumption areas increased by 3,200 mt from a week earlier to stand at 121,100 mt as of Thursday September 13, SMM data showed. Growth of some 6,500 mt in stocks across Foshan, Guangdong province mainly accounted for the increase.

Details:

Foshan, Guangdong – 85,900 mt

Wuxi, Jiangsu – 11,300 mt

Changzhou, Jiangsu – 12,000 mt

Huzhou, Zhejiang – 4,700 mt

Nanchang, Jiangxi – 7,200 mt