SMM

According to SMM statistics, the aluminum billet inventory in Foshan stood at 60,200 mt, while that in Wuxi was 33,700 mt, with a combined increase of 1,900 mt. Domestic aluminum billet inventory maintained an upward trend. Over the past week, profile enterprises have gradually entered the holiday phase, and downstream demand for aluminum billets has been weakening rapidly. By region, in the South China market, under the weak processing fee environment, some suppliers opted for hedging without selling. Amid bullish market sentiment, transactions in the South China market were moderate today, with processing fees quoted at 90–140 yuan/mt, down by 10 yuan/mt. In the Wuxi market, processing fees fell sharply to 150–200 yuan/mt, down by 50 yuan/mt, with sluggish market transactions. In the Nanchang region, buying sentiment was poor, with processing fees quoted at 160–220 yuan/mt, down by 10 yuan/mt. (Unit: yuan/mt)