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Home / Metal News / Aluminium billet inventories extend declines as tax cuts spur purchases

Aluminium billet inventories extend declines as tax cuts spur purchases

Mar 28, 2019 13:52

Source:SMM

Inventories fell 17,000 mt from a week ago to stand at 120,600 mt as of Mar 28

SHANGHAI, Mar 28 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China fell for a third straight week this week as the upcoming value-added tax cuts drove downstream consumers to purchase.

As of Thursday March 28, the inventories fell 17,000 mt from a week ago to stand at 120,600 mt, SMM data showed.

Details:

Foshan, Guangdong – 84,600 mt

Wuxi, Jiangsu – 15,300 mt

Changzhou, Jiangsu – 10,500 mt

Huzhou, Zhejiang – 6,000 mt

Nanchang, Jiangxi – 4,200 mt

Inventory data

Aluminium

Primary aluminium

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Aluminium billet inventories extend declines as tax cuts spur purchases

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