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![[SMM Hydrogen Energy Industry Weekly Review] 20250516](https://static.metal.com/price.metal.com/3.1.14/image/news-default.png)
In May, China's domestic aluminum ingot inventory successfully surpassed the 600,000 mt mark, demonstrating strong resilience in domestic aluminum consumption during the critical transition phase between the off-season and peak season, providing crucial support for the recent consecutive upward trend in aluminum prices. According to SMM statistics, as of May 15, the inventory of aluminum ingots at major domestic consumption hubs stood at 581,000 mt, a decrease of 20,000 mt from Monday this week, down 39,000 mt WoW from Thursday last week, and 166,000 mt YoY, remaining at a low level compared to the same period in the past three years. However, it is noteworthy that aluminum prices have rebounded and risen consecutively in mid-May, with aluminum prices breaking through the 20,000 yuan per mt threshold, which has somewhat suppressed downstream restocking demand. There have been noticeable signs of a decline in domestic outflows from warehouses over the past week, potentially gradually returning to off-season levels. SMM forecasts that...
In May, China's domestic aluminum ingot inventory successfully surpassed the 600,000 mt mark, demonstrating that domestic aluminum consumption remains resilient during the critical transition phase between the off-season and peak season, providing significant support for the recent consecutive upward trend in aluminum prices. According to SMM statistics, as of May 15, the inventory of aluminum ingots at major domestic consumption hubs stood at 581,000 mt, a decrease of 20,000 mt from Monday this week, a decrease of 39,000 mt WoW from Thursday last week, and a decrease of 166,000 mt YoY, still remaining at a low level compared to the same period in the past three years. However, it is noteworthy that aluminum prices have rebounded and risen consecutively in mid-May, with aluminum prices surpassing the 20,000 yuan per mt threshold exerting a certain inhibitory effect on downstream restocking demand. There have been noticeable signs of a decline in domestic outflows from warehouses over the past week, which may gradually return to off-season levels. SMM forecasts that...
