SMM Weekly Updates On China Aluminium Billet Inventories As Of May 25

SHANGHAI, May 26 (SMM) -The domestic aluminium billet social inventory stood at 141,300 mt as of May 25, down 20,700 mt from a week ago. Smelters have raised the share of non-ingot output this year. Following a period of accumulation after the Labour Day holiday, aluminium billet inventory has begun to fall back. However, the decline has slowed down, and the inventory is basically the same as the end of April and still the highest level compared with the same period of the past three years. SMM sees aluminium billet inventory falling slightly next week and possible output buts by billet plants this month.