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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

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

For more information on how to access our research reports, please email service.en@smm.cn

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Jul 23, 2021 20:00

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SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China decreased 0.9% or 1,200 mt from a week ago to 119,600 mt as of Thursday July 22.

Jul 22, 2021 16:41

Analysis

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Aluminium billet inventories decline slower after tax cuts take effect

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