The current focus in the alumina market is more on negative factors such as the upcoming new production capacity coming online. With no obvious positive factors to stimulate the market, it is expected that the bearish sentiment will dominate in the short term. However, with the Chinese New Year holiday approaching, considering transportation restrictions and the fact that some downstream enterprises are nearing the end of their inventory replenishment, it is anticipated that the transaction pace will gradually slow down. Based on the generally weak market conditions, alumina prices are expected to decline.
