Stagnant consumption grows aluminium billet stocks

SHANGHAI, Jan 24 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China expanded some 7,000 mt over the week ended Thursday January 24 to stand at 87,700 mt, SMM data showed.

Consumption ebbed after downstream consumers began their Chinese New Year break.

Details:

Foshan, Guangdong – 51,400 mt

Wuxi, Jiangsu – 11,600 mt

Changzhou, Jiangsu – 13,000 mt

Huzhou, Zhejiang – 4,100 mt

Nanchang, Jiangxi – 7,600 mt