Aluminium billet inventories fell 9,400 mt on week on smaller arrivals

SHANGHAI, Aug 20 (SMM) – Inventories of aluminium billet in China fell this week.

SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China fell 9,400 mt from a week ago to 60,000 mt as of Thursday August 20.

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