High prices and downstream losses have suppressed market enthusiasm for spot alumina transactions. Low inventory levels at electrolytic aluminum enterprises still do not provide sufficient conditions for replenishment, with the focus mainly on long-term contracts for essential production and occasional spot purchases. The spot market remains limited in trading activity under a wait-and-see attitude, with a few small alumina producers and traders showing a relatively higher willingness to sell in order to secure cash flow and avoid risks. They generally aim to negotiate within a range of website quoted monthly average prices or small premiums on spot prices.
