SHANGHAI, May 28 (SMM) – Inventories of aluminium billet in China extended their decline this week, driven by healthy demand and limited arrivals.
SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas—Foshan, Wuxi, Huzhou, Changzhou and Nanchang—in China fell 15,600 mt in the week ended May 28 to 77,100 mt, after a 20,000 mt decline in the previous week.
The five areas all saw losses in their aluminium billet inventories this week, with a drop of close to 10,000 mt in Foshan.
