In the short term, the trend of spot prices is increasingly correlated with potential changes and adjustments in supply, showing a relatively strong resistance to decline during this phase. The willingness of alumina companies to actively reduce production is still not strong enough, and the cyclical characteristics are quite evident. After the settlement price of long-term contracts for April is expected, a significant price gap will form with costs. At the same time, due to the complexity of bauxite applications, inland alumina companies are experiencing frequent fluctuations in both production and quality. It is anticipated that alumina companies will gradually increase their production cuts. During this process, the spot alumina price is still expected to continue its downward trend.
