According to SMM statistics, China's aluminum billet inventory: Guangdong's aluminum billet inventory stood at 40,000 mt, Wuxi's at 48,000 mt, totaling 88,000 mt, a decrease of 1,000 mt from the previous day.

According to SMM statistics, on June 18, the aluminum billet inventory in China's major consumption areas stood at 145,500 mt, down 5,500 mt from Monday and down 9,000 mt from last Thursday.

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According to SMM statistics, during June 8-14, China’s aluminum billet warehouse withdrawals totaled 44,300 mt, a decrease of 7,400 mt WoW.

According to SMM statistics, as of June 15, aluminum billet inventory in major consumption areas in China stood at 151,000 mt, down 3,500 mt from last Thursday and down 9,000 mt from last Monday.

China’s aluminum ingot inventory, after hitting a peak not seen in nearly three years in 2026, accelerated its pullback this week. According to SMM statistics, as of June 11, aluminum ingot inventory in major Chinese consumption areas was reported at 1.312 million mt, having cumulatively destocked by nearly 160,000 mt from the early-May high of around 1.47 million mt. The single-week decline this week reached 48,000 mt, clearly steepening the destocking slope...

According to SMM data, China's aluminum billet inventory in major consumption regions fell to 154,500 mt on June 11, down 8,000 mt from last Thursday and down 5,500 mt from Monday, with the destocking pace further slowing. From the perspective of warehouse withdrawals, aluminum billet withdrawals recorded 51,700 mt during June 1–8, down 4,100 mt WoW.

According to SMM statistics, for domestic aluminum billet inventory, Guangdong held 39,000 mt, Wuxi held 52,000 mt, totaling 91,000 mt, down 4,500 mt from the previous day.

[U.S.-Iran Conflict Sees Dramatic Reversal, ECB Rate Hike Weighs on Metal Prices] On the fundamentals side, the supply gap outside China is expected to provide strong bottom support for aluminum prices, and expectations of rising energy costs also create a bullish driver for aluminum prices; this Thursday, the destocking pace of China's aluminum ingot social inventory noticeably accelerated, effectively alleviating the previous high inventory pressure. However, China's high inventory pressure remains relatively pronounced and is expected to limit the upside room for domestic aluminum prices. In the short term, domestic aluminum prices are expected to mainly undergo volatile adjustments.

[SMM Weekly Aluminum Price Review: Expectations for US Fed Rate Hikes Remain Contested, China Accelerates Destocking, Signaling Short-Term Stabilization]