Aluminium billet stocks decline on week

SHANGHAI, Aug 15 (SMM) – Inventories of aluminium billet in China shrank this week with a significant decline in stocks in Foshan city of south China’s Guangdong province. 

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas decreased some 2,200 mt from Thursday August 8 to stand at 93,700 mt as of Thursday August 15, after they climbed 12,500 mt in the previous week.

Foshan, Guangdong – 43,900 mt

Wuxi, Jiangsu – 16,500 mt

Changzhou, Jiangsu – 13,000 mt

Huzhou, Zhejiang –10,000 mt

Nanchang, Jiangxi – 10,300 mt