SHANGHAI, Jul 16 (SMM) – Primary aluminium ingot inventories in China extended a downward trend this week, albeit at a slower pace, showed SMM data.
Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 4,000 mt from a week ago to 708,000 mt as of Thursday July 16, following a decline of 7,000 mt in the previous week.





![Macro rate hike expectations pressure aluminum prices, while China's continued destocking underpins the market [SMM Aluminum Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/ppauU20251217171651.jpg)
![Futures prices pull back, spot aluminum follows decline; aluminum scrap raw material tightness still provides support [SMM Cast Aluminum Alloy Morning Comment]](https://imgqn.smm.cn/usercenter/iCOMR20251217171653.jpg)
