In the short term, it is expected that the spot transaction volume of alumina will be relatively low. Some electrolytic aluminum plants are conducting bidding and procurement. It is advisable to pay appropriate attention to the trend of the winning bid price to judge the short-term market trend. In the medium term, new domestic alumina production capacity will start to hit the market, which may be bearish for prices. In the long term, although the expected operating capacity will exert considerable pressure on prices, the supply situation of ore remains uncertain. Therefore, the market may show a coexistence of bulls and bears.