Inventories of aluminium billet nudge up on week

SHANGHAI, Mar 7 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China expanded this week with varying consumption in markets. 

As of Thursday March 7, inventories accumulated 4,300 mt from a week ago to stand at 151,000 mt, SMM data showed. This came after smaller arrivals lowered stocks by 17,800 mt week on week on Thursday February 28. 

Details:

Foshan, Guangdong – 88,600 mt

Wuxi, Jiangsu – 25,000 mt

Changzhou, Jiangsu – 22,000 mt

Huzhou, Zhejiang – 10,000 mt

Nanchang, Jiangxi – 5,400 mt