The number of producers of alumina with the capability to ensure timely supply is limited, leading to a continuous widening of quotes and transaction premiums. In the Jin-Yu region, due to the presence of scattered alumina enterprises with the capacity for ongoing small-scale spot sales, price discovery is relatively continuous and active, resulting in noticeable price increases. In contrast, the Lu-Gui region, with a larger number of long-term contracts and sufficient bulk orders, has limited export surplus, resulting in weaker price discovery compared to the Jin-Yu region, where prices remain relatively stable.
