SHANGHAI, May 6 (SMM) – With increasing proportion of molten aluminium output at smelters, the future aluminium billet supply will remain plentiful. Downstream demand has shown signs of weakening after backlog orders were delivered. In this context, the conversion margins of aluminium billets will face downside risks while its inventory may build up.
The domestic aluminium billet social inventory stood at 157,700 mt as of May 4, up 15,600 mt from a week ago. The growth was mainly due to arrivals during the Labour Day holiday and poor pre-holiday stocking.
