SMM, Dec 26:
Processing fees: Aluminum prices continued to face downward pressure, with aluminum billet processing fees fluctuating downward. Although aluminum billet manufacturers are still reducing production, the weakening rigid demand from downstream has led to a weak supply and demand situation, causing aluminum billet prices to barely hold steady, with market transactions remaining sluggish. According to SMM statistics, as of Dec 23, domestic aluminum billet social inventory stood at 99,000 mt, up significantly by 9,900 mt WoW, approaching the 100,000 mt inventory threshold again. The previously tight supply of aluminum billets has been noticeably alleviated. Regarding outflows from warehouses, last week, aluminum billet outflows from warehouses dropped sharply by 8,300 mt WoW to 39,300 mt.
