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Home / Metal News / Aluminium billet inventories decline slower after tax cuts take effect

Aluminium billet inventories decline slower after tax cuts take effect

Apr 4, 2019 11:26

Source:SMM

Inventories fell some 8,700 mt from a week ago to stand at 112,000 mt as of Apr 4

SHANGHAI, Apr 4 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China saw a smaller decline this week as purchases weakened after value-added tax cuts took effect.

As of Thursday April 4, the inventories fell some 8,700 mt from a week ago to stand at 112,000 mt, SMM data showed.

Aluminium billet inventories have fallen for four consecutive weeks and posted a decline of 17,000 mt last week.

Details:

Foshan, Guangdong – 80,600 mt

Wuxi, Jiangsu – 13,900 mt

Changzhou, Jiangsu – 7,300 mt

Huzhou, Zhejiang – 7,000 mt

Nanchang, Jiangxi – 3,200 mt

Inventory data

Aluminium

Aluminium billet

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 decline slower after tax cuts take effect

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