Aluminium billet inventories fell 2,700 mt on week on smaller arrivals 

SHANGHAI, Jul 30 (SMM) – Inventories of aluminium billet in China fell this week due to a significant decline in arrivals at warehouses. SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China dipped 2,700 mt from a week ago to 65,900 mt as of Thursday July 30, after a build of 3,600 mt in the previous week.

Inventories in Foshan, Changzhou, Huzhou and Nanchang declined week on week and stocks in Guangdong fell the most. Inventories in Wuxi, meanwhile, edged higher this week.