According to SMM statistics, as of June 5, the inventory of primary aluminum ingots in major domestic consumption areas stood at 504,000 mt, a decrease of 15,000 mt from the beginning of the week and a decline of 7,000 mt WoW from Thursday. Following the Dragon Boat Festival holiday, the overall inventory buildup situation in China remained manageable, and destocking resumed mid-week, highlighting the continued resilience of domestic consumption in early June and the still relatively low supply of aluminum ingots. The inventory buildup during the holiday was particularly pronounced in the Gongyi region, primarily due to the short-term intensive arrivals caused by customers' concentrated shipments at month-end. However, the volume of goods in transit by rail has since returned to the level of the second half of May, slightly alleviating the pressure of arrivals. The Foshan region maintained a situation of weak supply and demand for aluminum ingots, with a slight and stable decline observed after the holiday. The Wuxi region experienced a minor inventory buildup during the holiday, but it is understood that subsequent shipment plans from aluminum smelters remain relatively low, with arrivals expected to remain at a relatively tight level, and significant destocking was observed mid-week. SMM expects that the overall inventory of aluminum ingots in China will continue to maintain a destocking trend, with the potential to break below the 500,000 mt threshold in the near future.