In Guangxi, alumina production cuts are occurring due to both unforeseen equipment malfunctions and anticipated increases in output from new calcination projects. In terms of progress, the sudden supply drop caused by the initial production cuts is more pronounced in the short term, while new projects require a ramp-up period, leading to a tight supply in the short term. Although spot trading is relatively active, there has been no significant positive response to price changes. Traders rarely engage in “fixed-price” transactions, and the monthly average online price settlement is mainly at par or a slight premium, an improvement compared to the previous slight discount. It is expected that the domestic spot alumina market will have short-term support before the long holiday, but in the medium term, as production capacity continues to be released, supply pressure will gradually reappear.
（Chinese version）
（English version）
