Currently, both domestic and international factors are increasing uncertainties in the market. On one hand, there is a bearish influence from the declining transaction prices of alumina overseas. On the other hand, there is bullish support from the temporary production capacity reduction due to the unexpected natural gas supply disruption at the Pingara alumina plant in Australia. Domestically, there are mixed factors at play: the production restrictions during the autumn and winter seasons in Shanxi provide some positive support, while the shutdowns of downstream aluminum plants due to losses exert downward pressure. Overall, the market is caught in a tug-of-war between bullish and bearish factors, and the market sentiment has led to fluctuations in alumina prices, which, after a period of stagnation, have entered a phase of corrective consolidation. However, as long as the overall supply-demand situation remains largely unchanged, the possibility of a significant decline in domestic alumina prices is limited.
