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SHANGHAI, Aug 13 (SMM) –Inventories of aluminium billet in China declined this week as arrivals at warehouses in Guangdong and Jiangxi rose.
SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China fell 6,400 mt from a week ago to 69,400 mt as of Thursday August 13.
Inventories in Foshan, Changzhou, Huzhou and Nanchang decreased and stocks in Foshan fell the most. Stocks in Wuxi, meanwhile, edged up this week.
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