Aluminium billet inventories extended decline

SHANGHAI, Nov 21 (SMM) – Inventories of aluminium billet in China declined for the sixth straight week as of November 21, with stocks in both east and south China were lower. 

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China fell 12,100 mt from November 14 to stand at 86,700 mt as of Thursday November 21, after the stocks dipping 13,500 mt in the previous week.

Inventory 

Foshan, Guangdong – 34,800 mt

Wuxi, Jiangsu – 18,300 mt

Changzhou, Jiangsu – 12,100 mt

Huzhou, Zhejiang –12,000 mt

Nanchang, Jiangxi – 9,500 mt