Domestic and international spot prices for alumina continued to decline. From a fundamental perspective, both domestic and international alumina supply remained ample, and recent changes on both the supply and demand sides were limited, thus continuing to weigh on prices. Losses at high-cost enterprises have led to some market expectations of production cuts, and coupled with uncertainties surrounding policies such as the upcoming heating season, the price decline has slowed slightly compared to the previous period. However, in the short term, the oversupply situation is unlikely to reverse.
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