Smaller arrivals lower stocks of aluminium billet on week

SHANGHAI, Feb 28 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China extended their decline this week as fewer cargoes arrived at warehouses.

As of Thursday February 28, inventories fell about 17,800 mt from a week ago to stand at 146,700 mt, SMM data showed. This came after the stocks shrank 4,800 mt week on week on Thursday February 21. 

Details:

Foshan, Guangdong – 82,500 mt

Wuxi, Jiangsu – 27,400 mt

Changzhou, Jiangsu – 22,000 mt

Huzhou, Zhejiang – 6,000 mt

Nanchang, Jiangxi – 10,800 mt