The alumina market remains weak, with both industry and capital markets focused on supply-demand imbalances, and bearish expectations dominating market trading.
The arrival of imported alumina in Guangxi and its subsequent transshipment to Xinjiang suggests, on the one hand, that the import window remains open and the cost of imported alumina is relatively low; on the other hand, this indicates that freight rates for outbound shipments from Guangxi have fallen. With guaranteed shipping volume, companies are motivated to undertake long-distance transshipment. Southern alumina continues to flow to the northwest, leveraging its transportation cost advantages.
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