Aluminum Ingot Inventory Rises Slightly in Key Regions, Caution on Short-Term Market Pressure

Published: Apr 22, 2025 11:07

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According to SMM statistics, the aluminum ingot inventory in Guangdong on April 22 was 239,700 mt, in Wuxi was 225,400 mt, and in Gongyi was 88,100 mt. The total inventory in these three regions was 553,200 mt, an increase of 400 mt compared to the previous trading day. Yesterday, some suppliers were bullish and held back cargoes, leading to a decline in outflows from warehouses in the aluminum ingot market. Additionally, the slight increase in arrivals of northern cargoes this week hindered the daily destocking in the three domestic regions. Be cautious of the short-term pressure on futures and spot markets due to weak destocking.

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