Aluminum Ingot Inventory Declines as Prices Correct and Warehouse Outflows Accelerate

Published: Apr 15, 2025 10:29

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According to SMM statistics, on April 15, the aluminum ingot inventory in Guangdong was 242,500 mt, in Wuxi was 246,200 mt, and in Gongyi was 107,200 mt, with the total inventory in these three regions reaching 595,900 mt, a decrease of 3,500 mt from the previous trading day. SMM believes that the recent significant correction in aluminum prices has led to a noticeable strengthening in outflows from warehouses, and the overall arrivals this weekend were relatively low, maintaining a rapid destocking pace. Among them, the arrivals in Wuxi over the weekend decreased by about 800 mt WoW from last Monday, while arrivals in South China dropped by about 4,000 mt. Although Gongyi still saw a certain amount of Russian aluminum ingots being warehoused, the concentration level eased compared to that after the Qingming Festival. Overall, the arrivals of domestic supplies this week showed a significant WoW decrease, and the outflows from warehouses have exceeded expectations following the recent sharp correction in aluminum prices. It is expected that the domestic aluminum ingot inventory will continue to maintain a rapid destocking pace in the short term.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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