Haiyang West-Gaoshang Section of Yantai-Weihai UHV Transmission Line Completed

[SMM Aluminum Express News] Alcoa lowered its 2026 alumina production guidance by 200,000–300,000 tonnes to 9.5–9.6 million tonnes after Cyclone Narelle and organic contamination in bauxite disrupted operations at its Pinjarra refinery in Western Australia. Alumina shipment guidance was also reduced by 300,000–400,000 tonnes, although the refinery has since returned to stable operations. The weaker outlook weighed on investor sentiment, with Alcoa shares falling after second-quarter earnings missed market expectations despite year-on-year profit growth. The company said alumina demand remains strong in China but weaker in the Middle East amid disruptions linked to the Strait of Hormuz.

[SMM Aluminum Alloy Daily Review] The ADC12 market maintained a stable price trend overall today, with quotes from mainstream producers basically flat. On the one hand, aluminum prices fluctuated within a limited range recently, and the cost side lacked new driving factors, but the supply of aluminum scrap remained tight, lending some support to secondary aluminum alloy prices. On the other hand, end-use demand remained in the off-season, downstream orders were released insufficiently, and the market trading atmosphere was subdued. Against the backdrop of the tug-of-war between cost support and weak demand, the market as a whole maintained a cautious wait-and-see stance, and ADC12 prices are expected to continue moving sideways in a narrow range in the short term.

[ADC12 Price Daily Review: Cost Support and Off-Season Demand Keep ADC12 Price Moving Sideways] Today, the ADC12 market continued its stable price trend overall, with mainstream producers’ quotations basically flat. The SMM ADC12 price remained stable at 24,100 yuan/mt from the previous trading day.