According to SMM statistics, on June 18, the aluminum ingot inventory in Guangdong was 160,500 mt; in Wuxi, it was 114,000 mt; and in Gongyi, it was 51,000 mt. The total inventory across these three locations was 325,500 mt, a decrease of 6,000 mt compared to the previous trading day. By mid-June, the destocking of aluminum ingots in China slowed significantly this week. Driven by regional price spreads and influenced by inter-regional transfers, the arrival of aluminum ingots in Shanghai, Wuxi, and Gongyi in central China increased notably over the weekend. Meanwhile, the inventory in Foshan, South China, dropped sharply. In other regions of China, the inventory remained largely stable. SMM believes that in the short term, supported by the overall still low domestic casting ingot production, the inventory is expected to continue its destocking trend. However, the recent slight increase in shipments from north-west China and inter-regional transfers due to price spreads have led to a notable increase in arrivals this week, exerting significant pressure on east China and central China. Additionally, with some aluminum smelters expected to increase casting ingot production, the tight supply situation may ease. Looking ahead, the current high aluminum prices are suppressing the release of downstream restocking demand. In the second half of the month, the overall destocking in China is expected to face slowing pressure. Close attention should be paid to whether the annual low of