Aluminium billet inventories increased 7,000 mt to 246,300 mt

SHANGHAI, Mar 4 (SMM) –SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China rose 7,000 mt from the previous week to 246,300 mt as of March 4. Stocks dropped by 6,700 mt in Nanchang, but increased in other areas. Inventory buildup continued this week, but the rise narrowed, as the arrivals of cargoes were relatively low.