Spot trading activity for alumina has picked up alongside tender-based procurement, though prices have retreated slightly; given the limited changes in market fundamentals, price volatility is expected to remain low. Production cuts resulting from maintenance at select southern plants have temporarily tightened supply, providing short-term price support, though the medium- to long-term impact is likely limited. Looking ahead, market attention will focus on the impact of alumina flowing from Guangxi to northern markets, as well as future fluctuations in long-term contract prices for Guinean bauxite.
（Chinese version）
（English version）
