Aluminium billet inventories increased 27,400 mt on week

SHANGHAI, Feb 4 (SMM) –SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China expanded 27,400 mt from the prior week to 128,200 mt as of February 4, as downstream demand weakened ahead of the Chinese New Year holiday. Stocks built up 13,500 mt in Foshan, and surged 43.12% on the week in Nanchang.