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Nov 14 (LTIT) –Inventories of aluminium billet in China declined for the fifth straight week as of November 14, with a significant drop in stocks in Guangdong. SMM data showed that stocks of 6063 aluminium billet across five major consumption areas in China shrank 13,500 mt from November 7 to stand at 98,800 mt as of Thursday November 14, after the stocks dipping 3,900 mt in the previous week. Inventory Foshan, Guangdong – 40,600 mt Wuxi, Jiangsu – 20,100 mt Changzhou, Jiangsu – 14,800 mt Huzhou, Zhejiang –11,000 mt Nanchang, Jiangxi – 12,300 mt |
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