SMM News on October 20:
According to SMM's latest weekly survey data, the current weekly survey samples of SMM aluminum billets involve a total of 29 enterprises with an annual production capacity of 13.09 million tons. After three consecutive declines, the weekly operating rate of aluminum billets initially showed signs of stabilization this week, recording 70.79%, a slight increase of 0.04% from the previous week. Since September, benefiting from the boost of the traditional peak consumption season of "Golden September and Silver October" and the high enthusiasm of downstream enterprises for centralized pre-holiday stockpiling, the supply-demand pattern of the aluminum billet market has improved, driving up the processing fees of aluminum billets. The operating rate of aluminum billet enterprises has risen accordingly, with the highest operating rate reaching 73.28%...
