SHANGHAI, Nov 28 (SMM) – Inventories of aluminium billet in China declined for the seventh consecutive week as of November 28, with stocks in the southern markets lower significantly. 

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China fell 8,800 mt from November 21 to stand at 77,900 mt as of Thursday November 28, after the stocks dipping 12,100 mt in the previous week.

Inventory 

Foshan, Guangdong – 25,700 mt

Wuxi, Jiangsu – 22,400 mt

Changzhou, Jiangsu – 8,500 mt

Huzhou, Zhejiang –15,000 mt

Nanchang, Jiangxi – 6,300 mt