The domestic alumina market is currently influenced by various factors, resulting in a prevailing “wait-and-see” sentiment and stable spot prices. In the near term, it is unlikely that any trend-driving factors will emerge to trigger significant price shifts. Looking ahead, market participants should closely monitor the resumption of production capacity in Guangxi and Hebei, as well as the concrete impact of policies implemented during the northern heating season; these developments will be key to assessing the fundamental drivers of the alumina market.
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