Greater arrivals, poor consumption grow aluminium billet stocks

SHANGHAI, Jul 4 (SMM) – Inventories of aluminium billet in China extended their increases this week as more deliveries arrived at warehouses and downstream consumption failed to pick up. 

SMM data showed that stocks of 6063 aluminium billet across five major consumption areas grew some 5,500 mt from Thursday June 27 to stand at 83,200 mt as of Thursday July 4, after a buildup of 6,000 mt in the previous week.

Foshan, Guangdong – 47,000 mt

Wuxi, Jiangsu – 6,800 mt

Changzhou, Jiangsu – 8,500 mt

Huzhou, Zhejiang – 11,000 mt

Nanchang, Jiangxi – 9,900 mt