Sudden weather factors and unexpected production events, along with various other emergencies, are influencing the sentiment and judgment in both the spot and futures markets for alumina. Recently, the unexpected events have generally favored the bullish trend of alumina prices. The spot market has maintained a high premium, with the premium typically ranging from 100 to 150 yuan above the website’s quoted price for immediate spot transactions. For alumina with more convenient delivery or better market branding, the premium can even reach around 200 yuan in personalized transactions.
