Aluminium billet inventories fell to 87,900 mt this week

SHANGHAI, Nov 12 (SMM) –SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China shrank 6,700 mt from last Friday November 6 to 87,900 mt as of November 12. Stocks fell sharply in Foshan, held largely unchanged in Wuxi, and rose slightly in Nanchang.