Aluminium billet inventories shrank 2,400 mt on week

SHANGHAI, Dec 10 (SMM) –SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China shrank 2,400 mt from the prior week to 70,300 mt as of December 10. Stocks built up in Foshan while declined in the other four areas. Wuxi saw the largest inventory drop of 5,800 mt.