On June 6, 2024, SMM counted 778,000 tons of total social stock of electrolytic aluminum ingots, 652,000 tons of domestic tradable electrolytic aluminum stock, which decreased by 12,000 tons from this Monday and 3,000 tons from last Thursday.

As the bar mills in Guangxi region entered the full-scale production stage at the beginning of June, there was an expectation of a decrease in the amount of ingots cast. In addition, the recent downstream pick-up has warmed up slightly, and the domestic aluminum ingot inventory has begun to turn to a de-stocking trend. It is expected that the domestic aluminum ingot may resume a slow de-stocking pace in the short term.