The alumina supply side has seen a temporary reduction in actual production, but the inventory accumulated in previous periods remains at high levels. Although some positive factors have emerged in the market, their duration has been relatively short, and the current production cuts are not sufficient to support prices. Moreover, the market sentiment is still influenced by the expectation of new capacity, which remains a bearish factor. Therefore, it is expected that the downward trend in alumina prices will be difficult to stop in the short term.
