SHANGHAI, Apr 27 (SMM) – The domestic aluminium billet social inventory stood at 142,000 mt as of April 27, down 10,600 mt from a week ago. The decline was largely contributed by Foshan and Wuxi, while stocks in other regions barely changed.
The weekly average shipments out of social warehouses in major markets dropped 3,700 mt on a weekly basis to 41,000 mt this week. Despite the upcoming Labour Day holiday, most downstream enterprises barely stocked up as their raw material inventory could sustain production through the week-long holiday.
Market players should keep a close eye on cargo arrivals during the holiday.
