The Chinese alumina spot market is sluggish, with prices stabilizing. However, as high-cost enterprises continue to experience cost-inversion for an extended period, alumina plants in Shanxi, Henan, and Guizhou provinces are beginning to reduce operating capacity due to unbearable losses, and this trend of production cuts may intensify. Therefore, this may provide short-term support for domestic alumina prices. In the medium to long term, the commissioning of new alumina capacity and low overseas alumina prices will both limit the potential for a rebound in domestic alumina prices, thus putting downward pressure on price increases in the medium to long term.
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