February 5 News:
According to SMM statistics, as of February 5, the inventory of aluminum ingots in major domestic consumption areas stood at 654,000 mt, an increase of 162,000 mt during the Chinese New Year holiday. The inventory of aluminum billets in major domestic consumption areas reached 275,000 mt, an increase of 51,400 mt during the Chinese New Year holiday.


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![August Secondary Aluminum Operating Rates Edge Up, Recovery Remains Constrained [SMM Analysis]](https://imgqn.smm.cn/usercenter/bXuQG20251217171651.jpg)
![August operating rate of secondary aluminum producers recovers slightly, supply-demand repair still faces multiple constraints [SMM analysis]](https://imgqn.smm.cn/usercenter/zlIyw20251217171654.jpg)

