Aluminum smelter bidding prices have steadily declined, while spot trading has been weak. Spot prices are generally trending downward, and alumina prices will continue to fluctuate and weaken in the short term. Judging from the current situation of increased exports, delivered warehouse receipts, and long-term contracts, spot alumina supply is relatively controllable at this stage, and the alumina market remains resilient to price drops. Recently, publicly reported alumina imports have increased.
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