Aluminium billet inventories continue to fall

SHANGHAI, Nov 14 (SMM) – Inventories of aluminium billet in China declined for the fifth straight week as of November 14, with a significant drop in stocks in Guangdong.  

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China shrank 13,500 mt from November 7 to stand at 98,800 mt as of Thursday November 14, after the stocks dipping 3,900 mt in the previous week.

Inventory 

Foshan, Guangdong – 40,600 mt

Wuxi, Jiangsu – 20,100 mt

Changzhou, Jiangsu – 14,800 mt

Huzhou, Zhejiang –11,000 mt

Nanchang, Jiangxi – 12,300 mt