The alumina market has shifted into a phase dominated by increasing supply. The combined, certain release of capacity from resumed operations and newly commissioned facilities is exerting sustained downward pressure, while any upward momentum driven by unforeseen events has largely dissipated. Traders generally hold a bearish outlook on the near-term market and show no inclination to rush into locking in forward purchases at current price levels; conversely, their interest in pre-sales has strengthened. Producers have fully shifted their operational focus toward internal cost reduction, striving to secure their survival amidst a squeeze period where prices are hovering perilously close to their variable cost thresholds.
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