Downstream aluminum smelters are making spot purchases to meet immediate needs, while spot suppliers are offering pre-sales at low prices. Overall, concerns about anticipated supply increases are driving the current main trend in spot trading, focusing more on market conditions over the next 10 days and incorporating some expectations. The dynamic cost expectations arising from key ore variables are primarily concentrated in longer-term contracts, while near-month contract fluctuations are more closely related to spot transactions and real-time cost assessments.
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