Recent production changes in the alumina market have been frequent, mostly due to calcining furnace maintenance. While this has led to a short-term tightening of alumina spot supply, the impact on actual output has been limited, and the oversupply problem persists. Going forward, it is necessary to be wary of a large influx of warehouse receipts into the market, which could exacerbate the spot surplus and cause a decline in alumina spot prices.
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