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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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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Aluminium billet inventories extend declines as tax cuts spur purchases

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