It is challenging for large industrial chain groups to purchase additional alumina before the end of the year. The supply pressure for their own electrolytic aluminum enterprises has increased. Although the ore reserves are insufficient to sustain long-term production increases in alumina, there is potential for short-term activation of alumina production lines to alleviate the operational safety of electrolytic aluminum during the heating season. However, this is likely to face challenges such as complex ore characteristics, limited supply from production areas, and quality control of the finished products, leading to uncertainties. In the short term, when there is no substantial improvement in supply and demand, there is room for both alumina futures and spot prices to rise. However, the market should remain cautious of potential pullbacks due to profit-taking by bullish investors.
