Industrialized transactions in the market came to a halt before the National Day and Mid-Autumn Festival. Based on bid-to-factory prices, the benchmark ex-factory transaction price in major production areas in northern Shandong and Shanxi provinces settled between 2,860 and 2,930 yuan. From a supply and demand perspective, the post-holiday market remains lacking significant positive factors. Absent significant policy changes or other major events, the market is expected to maintain a moderate downward trend. As of October, based on long-term contract settlement prices, some alumina companies in Shanxi, Henan, and Guizhou are expected to gradually approach break-even or even report losses.
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