Aluminum Ingot Inventory Declines in Major Domestic Consumption Areas, SMM Reports

Published: Jun 5, 2025 12:08

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According to SMM statistics, as of June 5, the inventory of primary aluminum ingots in major domestic consumption areas stood at 504,000 mt, a decrease of 15,000 mt from the beginning of the week and a decline of 7,000 mt WoW from Thursday. After the Dragon Boat Festival holiday, the overall inventory buildup situation in China remained manageable, and destocking resumed mid-week, highlighting the continued resilience of domestic consumption in early June and the still relatively low supply of aluminum ingots. The inventory buildup during the holiday was particularly pronounced in the Gongyi region, mainly due to the short-term intensive arrivals caused by customers' concentrated shipments at month-end. However, the volume of goods in transit by rail has returned to the level of the second half of May after the holiday, slightly reducing the pressure of arrivals. The Foshan region maintained a status quo of weak supply and demand for aluminum ingots, with a slight and stable decline observed after the holiday. The Wuxi region experienced a slight inventory buildup during the holiday, but it is understood that subsequent shipment plans from aluminum smelters remain relatively low, and the subsequent arrivals are expected to remain at a relatively tight level, with significant destocking observed mid-week again. SMM expects that the overall inventory of aluminum ingots in China will continue to maintain a destocking trend and is likely to break below the 500,000 mt threshold in the near future.

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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