SMM

Aluminum billet inventory: Domestic mainstream consumption areas reported an aluminum billet inventory of 320,700 mt, an increase of 5,400 mt WoW. SHFE aluminum prices saw a significant pullback from high levels today, with aluminum prices fluctuating downward. Processing fees for aluminum billets slightly increased; however, downstream sectors, influenced by bearish sentiment, mainly focused on price suppression for essential demand. At the beginning of the week, some suppliers adopted a wait-and-see approach and refrained from offering. After lowering initial quotations, certain transactions were achieved, though trading sentiment remained subdued.