
Stocks of 6063 aluminium billet across five major consumption areas in China declined 6,900 tonnes from a week ago to stand at 137,600 tonnes as of Thursday March 21, Shanghai Metals Market data showed. Stocks of aluminium billet extended declines this week as the upcoming tax cuts drove downstream consumers to make purchases.

In Foshan, Guangdong, the billet stocks increased 400 tonnes from Thursday, March 14 to stand 92,300 tonnes, while stocks in Wuxi, Jiangsu, dropped 300 tonnes from Thursday, March 14 to stand at 20,800 tonnes.
In Changzhou, Jiangsu, Huzhou, Zhejiang, and Nanchang, Jiangxi, aluminium billet stocks reduced 5,500 tonnes, 1,000 tonnes and 500 tonnes to stand at 13,500 tonnes, 4,000 tonnes and 7,000 tonnes respectively.
In another update from SMM, the average price of Aluminium Alloys (ADC12) increased RMB50 per tonne to RMB 14850 per tonne on Thursday March 21 and expected to move within a range of RMB 14750 per tonne and RMB14950 per tonne. As on Thursday, March 21, aluminium alloy (A356 and A380) increased RMB 100 per tonne and RMB50 per tonne to stand at RMB 14700 per tonne and RMB 15550 per tonne respectively.
Aluminium alloy (ZLD 102 and ZLD 104) stood at RMB 14750 per tonne and RMB14700 per tonne on Thursday, March 21. Alloy East, South, West stood at RMB14850 per tonne, RMB14750 per tonne and RMB14450 per tonne respectively.
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