Aluminium Billet Inventory in China Builds Up in the Week Ending Apr 6

SHANGHAI, Apr 6 (SMM) -  The domestic aluminium billet social inventory stood at 164,500 mt as of April 6, up 6,100 mt from a week ago. Billet arrivals in south China increased by 5,900 mt this week, leaving local traders in a rush to sell and weighing on conversion margins. The demand in east China weakened noticeably, but local billet stocks did not change much as some warehouses suspended taking in cargoes.

Aluminium billet stocks are expected to accumulate slightly next week.