Aluminium billet inventories declined 4,000 mt on week

SHANGHAI, Jun 4 (SMM) – Inventories of aluminium billet in China declined at a slower pace this week as arrivals increased while shipments from warehouses shrank.

SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China fell 4,000 mt in the week ended June 4 to 73,100 mt, after a 15,600 mt drop in the previous week.

Inventories in Foshan, Huzhou, Changzhou and Nanchang continued to fall while the declines narrowed from a week ago. Stocks in Wuxi, meanwhile, edged up this week.