Aluminium billet inventories fell 9,500 mt on week

SHANGHAI, Mar 11 (SMM) – Recently, TCs for aluminium billet rebounded slightly, and the holders were more willing to deliver goods. Inventories of aluminium billet in China fell for the first time after the CNY.

SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China decreased 9,500 mt from a week ago to 236,800 mt as of Thursday March 11.

Inventories in Nanchang, Foshan and Huzhou decreased 5,500 mt, 4,500 mt and 2,000 mt respectively, while inventories in Wuxi and Changzhou built up slightly.