China's Secondary Aluminum Alloy Ingots Inventory Down Slightly to 31,300 mt WoW

[SMM Aluminum Express News] A power disruption in Sumatra linked to a suspected weather-related fault on the 275 kV Muara Bungo–Sungai Rumbai transmission system triggered a cascading outage affecting multiple regions. Authorities have restored 3,431 MW of load and all 176 affected substations. It was confirmed that INALUM aluminum smelter operations in Sumatra were not impacted and continue to operate normally.

[Geopolitical Risks Cool at the Margin; LME Outperforms SHFE Pattern in Aluminum Market Remains Unchanged] On the fundamentals side, the supply gap outside China and low inventory continue to provide bottom support. However, elevated inventory levels in China remain the core factor suppressing significant price rallies. Additionally, weak trading performance in the spot market further limits the upside room for aluminum prices. In the short term, aluminum prices are expected to continue the pattern of LME outperforming SHFE, fluctuating at highs.