SMM

According to SMM statistics, in terms of domestic aluminum billet inventory in two regions, Guangdong's aluminum billet inventory was 116,400 mt, and Wuxi's aluminum billet inventory was 32,200 mt, totaling 148,600 mt, a decrease of 4,600 mt MoM. This morning, SHFE aluminum initially rose and then fell. As aluminum prices slightly increased, suppliers slightly adjusted processing fee quotes. However, during the session, SHFE aluminum continued to decline, and suppliers significantly lowered prices to boost sales. Downstream sentiment remained cautious, with slow purchasing pace and sluggish trading sentiment. Today, the Foshan aluminum billet market quoted 300/350, down 20; the Wuxi market quoted processing fees at 300/350, down 10; and the Nanchang region quoted processing fees at 310/360, unchanged. (Unit: yuan/mt)