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SHANGHAI, Nov 8 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China decreased by some 11,300 mt over the week ended Thursday November 8 to stand at 129,800 mt, SMM data showed.
Downstream buyers stockpiled as prices dipped over the week, and this accounted for the decline in stocks.
Details:
Foshan, Guangdong –66,300 mt
Wuxi, Jiangsu – 23,100 mt
Changzhou, Jiangsu – 17,000 mt
Huzhou, Zhejiang – 9,500 mt
Nanchang, Jiangxi – 13,900 mt
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