The alumina market is currently in a state of tug-of-war. In the north, supply shortages have prompted holders to raise their quotes, driving up prices. In the south, while new production capacity is gradually coming online, most output is committed to long-term contracts with few spot transactions at fixed prices; furthermore, downstream electrolytic aluminum producers are strongly resisting price increases, keeping southern alumina prices stable for the time being. In the short term, market performance is diverging between the north and the south, and prices are expected to continue the trend of rising in the north while remaining stable in the south.
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