Aluminium Billet Inventories In China Barely Change Amid Simultaneous Reduction In Arrivals And Sales

SHANGHAI, Apr 13 (SMM) - The domestic aluminium billet social inventory stood at 159,600 mt as of April 13, down 4,900 mt from a week ago. The past few weeks have seen limited changes in aluminium billet inventory. The weekly decline was mainly due to fewer arrivals caused by railway maintenance in Xinjiang. Aluminium billet withdrawals from social warehouses in major markets have decreased for four consecutive weeks as demand recovery failed to sustain into April. The simultaneous reduction in arrivals and sales have resulted in small fluctuations in aluminium billet stocks. SMM will keep a close eye on when the transportation in Xinjiang will recover and changes in downstream operating rates.