Williams dari New York Fed Tidak Memperkirakan Kenaikan Harga Energi Berkelanjutan, Tegaskan Komitmen Target Inflasi

[SMM Aluminum Express News] Emirates Global Aluminium (EGA) has restarted 315 of the 1,262 reduction cells at its Al Taweelah smelter, bringing the restoration to 25% as of August 26. The site was forced into an emergency shutdown following the March 28 attack on Khalifa Economic Zone Abu Dhabi. EGA is now restoring all three potlines in parallel, with Potline 1 energized on May 26, Potline 3 on July 13 and Potline 2 on August 3. Each restarted cell typically requires around one week to stabilize and reach full production. EGA expects Al Taweelah primary aluminum production to return to full capacity in Q1 2027, with around 1,000 people currently involved in the restoration. Progress has accelerated from 89 cells restarted as of July 2, to 227 cells or 18% by August 10, and now 315 cells or 25%. Some of the recovered hot metal is being used to restart additional cells, while the remaining metal is sent to the Al Taweelah casthouse for finished aluminum production. Meanwhile, the Al Taweelah alumina refinery remains at around 50% of capacity, and EGA said further ramp-up will depend on supply-chain conditions and optimization of its alumina sourcing strategy. Importantly, EGA said the smelter's recovery does not depend on the alumina refinery returning to full capacity, meaning external alumina sourcing can support the aluminum restart. The Al Taweelah recycling plant is also ramping up, with full production targeted by late Q4 2026.

Hari ini, futures aluminium SHFE naik dalam beberapa sesi berturut-turut. Di tengah harga aluminium yang tinggi, sentimen pembelian perusahaan pengolahan hilir di Tiongkok tengah rendah, dengan fokus menunda pembelian untuk mengurangi inventaris di pabrik. Sementara itu, premi dan harga absolut tetap tinggi. Pemasok aktif mengirim barang, tanpa niat signifikan menahan harga, sehingga menyebabkan penurunan harga di pasar. Secara keseluruhan, harga transaksi aktual di pasar Tiongkok tengah berada di kisaran premi -80 hingga -120 yuan per metrik ton terhadap kontrak aluminium SHFE bulan September.

[SMM Aluminum Alloy Express] Pekan ini, stok sosial ingot paduan aluminium cor di Tiongkok tercatat 31.800 mt, naik 3.700 mt dibandingkan pekan lalu, menandai minggu ketiga berturut-turut terjadi penumpukan stok. Pasar masih berada dalam musim sepi konsumsi tradisional, dengan perusahaan pengecoran tekan hilir menunjukkan keinginan beli yang lemah dan sebagian besar melakukan pembelian tepat waktu. Sementara itu, pembelian oleh pedagang berjangka dan spot turut berkontribusi pada peningkatan stok sosial sampai batas tertentu. Dalam jangka pendek, stok sosial diperkirakan akan melanjutkan tren naik tipis.