Aluminium billet inventories rise 400 mt on week

SHANGHAI, Aug 29 (SMM) – Inventories of aluminium billet in China grew this week after two consecutive weeks of declines as downstream consumption failed to recover significantly.

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas rose some 400 mt from Thursday August 22 to stand at 91,700 mt as of Thursday August 29, after they decreased 2,400 mt in the previous week.

Foshan, Guangdong – 42,400 mt

Wuxi, Jiangsu – 16,900 mt

Changzhou, Jiangsu – 13,300 mt

Huzhou, Zhejiang – 9,000 mt

Nanchang, Jiangxi – 10,100 mt