Some alumina mills in northern China are experiencing increasing inventory levels, prompting increased demand from downstream customers to take delivery. Production and transportation remain normal. The oversupply of alumina is becoming increasingly evident in the market, particularly during periods of accelerating price declines. Traders, driven by increased risk aversion, are accelerating the sell-off of both immediate and forward orders. Aluminum mills are maintaining low prices to purchase based on immediate demand, maintaining the upper hand in negotiations. Alumina prices are expected to continue their downward trend in the short term, driven by a recent increase in discounted transactions.
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