Although some high-cost alumina plants are currently operating at a loss, their losses are not yet severe based on cash cost calculations. Furthermore, the upcoming negotiations for long-term contracts have dampened the willingness of alumina plants to reduce production, leading them to adopt a wait-and-see approach. The impact of heating season policies remains unclear, so potential production cuts must also be considered. Overall, spot market transactions are limited, and short-term prices are trending towards stability. The next price trend will depend on further market developments.
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