6063 aluminium billet inventory in major Chinese consumption areas (kt)

According to SMM statistics, as of June 11, the aluminum billet inventory in major consumption areas in China stood at 154,500 mt, down 5,500 mt from Monday and down 8,000 mt from last Thursday.

[SMM Cast Aluminum Alloy Morning Comment: May Auto Market Domestic Demand Under Pressure, Exports Strong; Narrowing Price Difference Between A00 Aluminum and Scrap Tightens Raw Material Supply] The ADC12 market traded steadily on Wednesday, with the SMM ADC12 price remaining flat at 23,900 yuan/mt. This week, cast aluminum alloy futures diverged from SHFE aluminum, with cast aluminum futures steady to firm while SHFE aluminum fell below the 24,000 yuan/mt mark. In the spot market, A00 aluminum prices declined for consecutive sessions, but ADC12 prices remained firm. The spread between the two has returned to positive territory, ending the inversion since April, underscoring the resilience of alloy prices.

According to SMM statistics, as of June 11, the aluminum ingot inventory in Guangdong was 341,000 mt; in Wuxi, 527,500 mt; in Gongyi, 241,000 mt. The total inventory across the three regions reached 1.1095 million mt, down 19,500 mt from the previous period.