China's Secondary Aluminum Ingot Inventory Down by 133 mt to 9,976 mt Across Major Consumption Areas

The head of Ukraine's State Property Fund said that the privatization auction of the Mykolaiv Alumina Plant is expected to take place in Q1 2027, with the specific auction date subject to government approval and to be announced by the end of October 2026. The privatization involves a batch of sanctioned assets, including the plant, service and accounting centers, a security company, vehicles, and bauxite and alumina inventories, with the relevant assets to be valued separately. The indicative starting price announced in June 2026 was 6.3 billion Ukrainian hryvnia ($140 million).

[High US dollar suppresses nonferrous metals valuations, SHFE aluminum consolidates at lows with moving averages under pressure] Macro dimension, the US dollar remains elevated, and expectations for US Fed interest rate hikes within the year persist, continuing to weigh on valuations across the nonferrous metals sector. Industry dimension, the improvement in actual demand during China's traditional peak season has not fully met prior expectations, and downstream purchasing has turned more cautious in the high-price environment, weakening price support. China's aluminum ingot social inventory has resumed destocking, providing some price support. Overall, bullish and bearish factors are intertwined for aluminum prices in the short term, and prices are expected to consolidate on a subdued note within a range in the near term.

[SMM Cast Aluminum Alloy Morning Comment: Cast Aluminum Range Repair, Basis Strengthens, Short-Term Consolidation] On Tuesday, the ADC12 market was mainly stable and wait-and-see, with market prices showing some resilience. On the cost side, aluminum scrap raw material prices were relatively firm, coupled with the continued impact of tax invoice factors...