Aluminum Ingot Inventory Declines Across Key Regions in China

Published: May 21, 2025 10:00

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According to SMM statistics, as of May 21, the aluminum ingot inventory in Guangdong was 234,000 mt, in Wuxi was 157,000 mt, and in Gongyi was 56,000 mt, with a total inventory of 447,000 mt across the three locations, a decrease of 10,500 mt from the previous trading day. SMM expects that despite the overall low arrival volumes in China during mid-May, which have temporarily sustained the destocking trend in domestic aluminum ingot inventory, the inventory is likely to continue to decline in the near term. However, under normal circumstances, due to the overall smooth domestic transportation in May, combined with the expectation of weaker outflows from warehouses during the off-season, the liquidity in China's major consumption regions is expected to gradually ease from late May to early June.

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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