SHANGHAI, Oct 24 (SMM) – Inventories of aluminium billet in China declined for the second straight week as of October 24 on the back of decent consumption.
SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China shrank 11,100 mt from October 17 to stand at 118,100 mt as of Thursday October 24, following a decline of 7,600 mt in the previous week.
Inventory
Foshan, Guangdong – 64,000 mt
Wuxi, Jiangsu – 18,900 mt
Changzhou, Jiangsu – 16,000 mt
Huzhou, Zhejiang –10,000 mt
Nanchang, Jiangxi – 9,200 mt
