Aluminium billet inventories declined 700 mt on week

SHANGHAI, Jan 2 (SMM) – SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China shrank 700 mt from Thursday December 26 and stood at 49,900 mt as of Thursday January 2. 

This marked the 12th consecutive week of decline. Stocks dipped 1,700 mt in the previous week.

Inventory 

Foshan, Guangdong – 19,000 mt

Wuxi, Jiangsu – 12,100 mt

Changzhou, Jiangsu – 4,800 mt

Huzhou, Zhejiang –11,000 mt

Nanchang, Jiangxi – 3,000 mt