Improved demand lowers aluminium billet stocks on week

SHANGHAI, May 30 (SMM) – Inventories of aluminium billet in China continued to shrink in the week to Thursday May 30 as lower processing fees buoyed downstream consumption, SMM data showed. 

Stocks of 6063 aluminium billet across five major consumption areas decreased some 1,200 mt from Thursday May 23 to stand at 78,500 mt as of Thursday May 30, after a decline of 13,900 mt in the previous week. 

Foshan, Guangdong – 34,900 mt

Wuxi, Jiangsu – 13,200 mt

Changzhou, Jiangsu – 7,000 mt

Huzhou, Zhejiang – 10,000 mt

Nanchang, Jiangxi – 13,400 mt