Aluminum Billet Inventory Continues Rapid Destocking, Processing Fees Stabilize and Recover After Easing from Highs [SMM Analysis]

[SMM Analysis: Aluminum Billet Inventory Continues Rapid Destocking; Processing Fees Stabilize and Recover After Easing from Highs] Looking ahead to next week, on the inventory side, the post-holiday destocking trend is expected to continue, but total inventory remains at a relatively high level compared with the same period over the past four years. The pace of subsequent destocking will depend on the sustainability of downstream restocking and the arrival rhythm. If restocking momentum persists and arrivals remain tight, destocking is expected to continue.