Spot transactions have been fluctuating under demand support, neither very active nor sluggish. The transaction prices are generally 20-40 yuan higher than the quoted prices on websites, showing a narrowing spread but confirming a continued upward trend. According to the supply-demand situation and data assessed by Aladdin, alumina prices are expected to maintain a slightly upward trend. However, due to the increasing operating losses of downstream aluminum plants, the price increase will be noticeably smaller. The market’s main focus is on the potential impact of accumulated news about the reduction of electrolytic aluminum production, which could lead to a mild rebound in aluminum prices.
