Aluminium billet inventories fell on consumption pickup 

SHANGHAI, Oct 17 (SMM) – Recovering consumption lowered inventories of aluminium billet in China this week, after the stocks rising during the National Day holiday and days after. 

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China declined 7,600 mt from October 10 to stand at 129,200 mt as of Thursday October 17.

Inventory 

Foshan, Guangdong – 73,200 mt

Wuxi, Jiangsu – 19,200 mt

Changzhou, Jiangsu – 15,700 mt

Huzhou, Zhejiang –11,000 mt

Nanchang, Jiangxi – 10,200 mt