Inventories of aluminium billet extend declines on week

SHANGHAI, Jul 18 (SMM) – Inventories of aluminium billet in China continued to shrink this week, with a significant drop in stocks in Foshan of Guangdong province. 

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas decreased by some 400 mt from Thursday July 11 to stand at 81,100 mt as of Thursday July 18, after they fell 1,700 mt in the previous week.

Foshan, Guangdong – 41,700 mt

Wuxi, Jiangsu – 12,300 mt

Changzhou, Jiangsu – 12,000 mt

Huzhou, Zhejiang – 10,000 mt

Nanchang, Jiangxi – 5,100 mt