Downstream purchases lower aluminium billet stocks on week

Published: Nov 8, 2018 15:44

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Stocks of 6063 aluminium billet across five major consumption areas fell by 11,300 mt over the week ended Thursday Nov 8

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

Inventory data Aluminium billet

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