The spot market is currently experiencing a situation where goods are hard to come by. The fundamental reason is the large volume of long-term orders, which is directly driven by a significant increase in recent spot orders. The market supply and demand are currently in a state of shortage, with operational capacity nearly reaching its maximum saturation. The potential resumption of production in Jinzhong and the output release from the Weiqiao Zhanhua project in November are expected to drive a gradual increase in monthly alumina production in the fourth quarter, helping to reduce and narrow the current alumina supply shortage. However, achieving rapid balance remains challenging, as increasing production requires time, and there are real-time disturbances in alumina imports and exports.
