The short-to-medium-term trend in the alumina market is more dependent on sudden events and rumors that cause significant price fluctuations. In the absence of significant substantial supply and demand or cost fluctuations, the spot market trend is generally smooth. The potential tightening of Guinean ore exports will drive the dynamic balance of supply and demand in the medium to long term, with a relatively limited direct impact on domestic production. There is an expectation of an upward shift in Guinean ore FOB prices, as Guinean ore FOB prices have maintained a relatively significant downward trend in the past two months due to soaring shipping costs and pressure from Chinese buyers. Small and medium-sized miners have already reduced their export frequency due to profit and loss issues.
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