As ocean freight rates decline, the costs for alumina producers may decrease; this, on one hand, lowers market expectations regarding the price floor for alumina, while on the other, it provides a slight recovery in profit margins for alumina plants. Recently, production among alumina enterprises has remained relatively stable. Although some companies have planned maintenance or production cuts, the scale of the affected capacity is limited—insufficient to alter the prevailing market supply-demand dynamic. With bearish fundamentals persisting, there may still be further downward room for alumina prices.
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