SHANGHAI, Apr 4 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China saw a smaller decline this week as purchases weakened after value-added tax cuts took effect.
As of Thursday April 4, the inventories fell some 8,700 mt from a week ago to stand at 112,000 mt, SMM data showed.
Aluminium billet inventories have fallen for four consecutive weeks and posted a decline of 17,000 mt last week.
Details:
Foshan, Guangdong – 80,600 mt
Wuxi, Jiangsu – 13,900 mt
Changzhou, Jiangsu – 7,300 mt
Huzhou, Zhejiang – 7,000 mt
Nanchang, Jiangxi – 3,200 mt
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