Aluminum Ingot Inventory Rises in China, High Prices and New Year Breaks Suppress Demand

Published: Feb 10, 2026 15:04

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Inventory side, aluminum ingot inventory in major consumption areas increased by 4,500 mt WoW, with the main sources of inventory buildup being Guangdong and Wuxi. In the short term, high aluminum prices may continue to suppress end-use demand, and coupled with the impact of downstream Chinese New Year breaks, aluminum ingots still face inventory buildup risks. Spot premiums/discounts are expected to remain under pressure.

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