Aluminum Billet Inventory Fluctuates, Falling Below 100,000 mt Again: SMM Report

SMM reported on November 30:

This week, aluminum billet inventory fluctuated, with social inventory falling below 100,000 mt again. According to SMM statistics, as of November 28, domestic aluminum billet social inventory was 99,300 mt, compared to last Thursday, destocking by 4,200 mt. The weekly average processing fee of φ120 aluminum billets was 450 yuan/mt in Foshan, 312 yuan/mt in Wuxi, and 302 yuan/mt in Nanchang.