Recent news from the overseas alumina market has had little impact on spot transaction prices, with Australian alumina prices remaining largely stable. The future price trend in overseas markets needs further observation to determine whether it will affect China’s alumina import and export pattern. The domestic alumina market is currently focused on changes in ore shipping costs due to fluctuations in crude oil prices, which are expected to slightly increase costs. However, the fundamentals show oversupply, resulting in a sluggish spot market. Downstream electrolytic aluminum companies also have high inventory levels. Overall, both bullish and bearish factors are simultaneously stimulating the alumina market. Short-term prices are unlikely to improve significantly.
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