A temporary decrease in domestic alumina production capacity has tightened supply, leading to a slightly tight market. Spot prices are now slightly higher than online prices, but end-user demand from electrolytic aluminum producers is generally weak, with low acceptance of price increases. Currently, there is potential for a slight price rebound, but excess inventory from the previous period still needs time to be digested, and it will take time for sellers’ price increases to be accepted by buyers. In the medium to long term, considering new capacity coming online, imports and exports, inventory levels, and cost-profit factors, alumina prices will still face some upward pressure.
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