Higher consumption, limited arrivals lower aluminium billet inventories

SHANGHAI, Mar 14 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China declined this week as consumption picked up and arrivals remained limited. 

As of Thursday March 14, inventories lost 6,500 mt from a week ago to stand at 144,500 mt, SMM data showed. This came after an increase of 4,300 mt in the week ended Thursday March 7.

This week, a buildup of 3,300 mt in Foshan, Guangdong province capped the overall decline. 

Details:

Foshan, Guangdong – 91,900 mt

Wuxi, Jiangsu – 21,100 mt

Changzhou, Jiangsu – 19,000 mt

Huzhou, Zhejiang – 5,000 mt

Nanchang, Jiangxi – 7,500 mt