UK inventory reduction offsets Middle East disruptions, aluminum prices retreat from highs
智通财经2026/08/20 11:41Show original
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```htmlAluminum futures in the UK market have fallen from an eight-week high of $3,360/ton to $3,200/ton. Increased exports have offset the supply shock caused by the Middle East conflict, with aluminum exports in July rising 18.7% year-on-year. Brazil's Alunorte alumina plant has reduced capacity to 50% due to a natural gas supply disruption, while Qatar's Qatalum aluminum plant has halted production because of natural gas shortages and has twice issued force majeure notices. The blockade of Middle Eastern shipping routes has intensified LNG supply shortages, further impacting aluminum smelting capacity.```
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