[SMM Analysis] China Aluminum Billet: Inventory Declines, Prices Rebound, Processing Fees Drop

Month-end demand remains weak, end-user buying weakness pulls back North China premium slightly [SMM North China spot copper]

China's sulphuric acid market continues to weaken as regional price declines widen and the index moves downward [SMM Sulphuric Acid Weekly Review]

Global Aluminum Output Ex-China Down 6.7% YoY, Up 1.6% MoM in July 2026

Crude oil fell, base metals mostly rose, SHFE tin and palladium rose nearly 2%, lithium carbonate and coking coal fell over 3% [SMM Midday Commentary]