The Chinese alumina market is currently facing a situation of continuous inventory accumulation due to long-term oversupply. As the year-end approaches, alumina plants are maintaining stable production, which is contributing to the continued decline in prices. In the short term, a significant reduction in domestic alumina supply is unlikely, and prices are expected to continue falling. In the medium to long term, entering January, some production capacity may be reduced due to unprofitability, which could ultimately provide some support for prices. However, the extent of this positive impact will depend on the total amount of capacity reduction.
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