While some alumina enterprises have undergone maintenance or reduced production, new capacity has simultaneously come online, offsetting some of the losses. Overall, the reduction in alumina supply has been limited, exerting minimal impact on the market’s supply-demand balance. With bearish fundamentals persisting, alumina prices have continued to edge downward. Furthermore, a decline in ocean freight rates has led to expectations of lower future production costs, prompting a downward revision in the projected floor for alumina prices—a shift reflected in the lower bids submitted by some suppliers.
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