The continuous decline in prices in both northern and southern regions has led to a decrease in the production enthusiasm of alumina enterprises. Factories have begun maintenance on equipment such as boilers and rotary kilns, resulting in a slight increase in capacity reduction, and the alumina supply is expected to decrease temporarily. Currently, the market needs to focus on the changes in supply and demand matching after the new round of production cuts is confirmed. It is expected that the alumina supply surplus will be slightly alleviated. In the short term, the futures-spot price has not yet been affected by the production cuts, so a slight decline may continue.