SHANGHAI, Jun 24 (SMM) – Inventories of aluminium billet in China extended their declines this week as arrivals at warehouses remained limited.
SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China fell 5,200 mt from Thursday June 18 to 66,200 mt as of June 24, after a decline of 2,500 mt in the week ended June 18.
Inventories in Foshan shrank the most, with stocks in Wuxi and Huzhou roughly unchanged from last Thursday. Inventories in Changzhou and Nanchang, meanwhile, slightly built up.
