Weekly Update Of China Aluminium Billet Social Inventories

SHANGHAI, May 4 (SMM) – The domestic aluminium billet social inventory stood at 157,700 mt as of May 4, up 15,600 mt from a week ago. The growth was mainly due to arrivals during the Labour Day holiday and poor pre-holiday stocking. Smelters have sold an increasing share of molten aluminium to nearby billet plants, while demand was unable to keep up with supply increment. And demand declined in late April. As such, it will be difficult for aluminium billet inventory to fall.