SHANGHAI, Mar 28 (SMM) – Stocks of 6063 aluminium billet across five major consumption areas in China fell for a third straight week this week as the upcoming value-added tax cuts drove downstream consumers to purchase.
As of Thursday March 28, the inventories fell 17,000 mt from a week ago to stand at 120,600 mt, SMM data showed.
Details:
Foshan, Guangdong – 84,600 mt
Wuxi, Jiangsu – 15,300 mt
Changzhou, Jiangsu – 10,500 mt
Huzhou, Zhejiang – 6,000 mt
Nanchang, Jiangxi – 4,200 mt
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