Aluminium billet inventories fell 3,200 mt on week on smaller arrivals

SHANGHAI, Oct 15 (SMM) – Inventories of aluminium billet in China decreased this week due to a decline in arrivals at warehouses.

SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China dipped 3,200 mt from last Friday to 102,500 mt as of Thursday October 15.

Inventories in Foshan and Changzhou rose slightly week on week, while stocks in Wuxi, Huzhou and Nanchang declined.