The current Chinese alumina market presents a situation where companies with high total costs are facing cost inversions, while their cash cost losses are not severe, and low-cost companies still have profit margins. Therefore, coupled with year-end long-term contract negotiations, alumina plants are not strongly inclined to reduce production. While demand has seen slight changes, the impact is relatively limited. Meanwhile, alumina imports have remained relatively high recently, leading to a continued pessimistic outlook for short-term prices.
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