The factory has continuously reduced production capacity, leading to a significant decline in the operating rate of China’s alumina industry. As of April 10, the total built capacity was 107.4 million tons, with an operating capacity of 82.4 million tons, resulting in an operating rate of 76.72%. In the short term, market supply is expected to decrease, but the previously accumulated inventory will still need time to be digested. Additionally, new capacity may begin production by the end of April. Therefore, there is a short-term positive outlook for the market, but there are still long-term negative factors. In terms of price, the pace of decline may slow down compared to earlier periods.
