With the Spring Festival holiday approaching, although inquiries have increased compared to the previous period, spot transactions are difficult due to transportation issues, and spot prices are expected to remain stable in the short term. Actual market supply has decreased, and a new supply-demand balance will take time to materialize. Meanwhile, alumina inventories are large, so there is still upward pressure on prices. Attention should be paid to whether electrolytic aluminum plants in Qinghai and Inner Mongolia are experiencing spot shortages.
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