The conflict in the Middle East has triggered significant fluctuations in crude oil prices, impacting the price trends of multiple products. Increased expectations of rising alumina costs, coupled with cost inversions in some regions due to a prolonged market downturn, have strengthened market expectations for alumina production cuts. The spot market is affected by a combination of supply, inventory, and demand factors, making it difficult for prices to find significant support. Therefore, in the short term, alumina futures and spot prices are moving in opposite directions. Overall, attention should be paid to the substantial impact of unforeseen events and news on the fundamentals.
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