The fundamentals of the domestic alumina market continue to reflect an overall oversupply. While downstream electrolytic aluminum plants occasionally conclude individual tender deals, overall market acceptance remains lukewarm; consequently, spot alumina prices are expected to hold steady in the short term. Looking further ahead, the anticipated launch of new production capacity exerts upward pressure on prices, though one must still remain alert to cost support stemming from raw material prices and the potential impact of unforeseen events on the market.
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