Spot transaction prices for alumina continued their slight downward trend, although the rate of decline narrowed compared to the previous period. Meanwhile, spot trading activity remained limited, with market feedback indicating that most transactions were through tender procurement. Although ore prices also fell, they lagged behind the decline in alumina prices. The market’s focus remains on when capacity reductions will occur. With further declines in domestic alumina prices in January, it is possible that some alumina production capacity will be shut down for maintenance or reduced in the medium to long term.
（Chinese version）
（English version）
