Aluminium billet inventories rebounded 900 mt on week

SHANGHAI, Jun 11 (SMM) – Inventories of aluminium billet in China edged higher this week as arrivals grew while shipments from warehouses decreased.

SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China added 900 mt in the week ended June 11 to 74,000 mt, after a 4,000 mt drop in the previous week.

Inventories in Wuxi, Changzhou and Nanchang expanded slightly this week while stocks in Foshan and Huzhou inched down.