Aluminium billet inventories rose 1,600 mt on week

SHANGHAI, Jan 21(SMM) –SMM data showed that stocks of 6063 aluminium billet across the five major consumption areas – Foshan, Wuxi, Huzhou, Changzhou and Nanchang – in China expanded 1,600 mt from the prior week to 84,300 mt as of January 21.

Stocks fell 2,000 mt to 8,500 mt in Nanchang, dipped 900 mt to 39,200 mt in Foshan, while rose 2,300 mt to 14,700 mt in Wuxi and expanded 2,200 mt to 10,900 mt in Changzhou. Stocks in Huzhou held largely unchanged.