The futures price of alumina is currently maintaining a stable range, and conditions are not conducive to a significant widening of the basis, making large-scale spot purchases or sales by futures and spot traders unlikely for now. Spot prices have started to rise under relatively active premium transactions, with an increase in “fixed price” spot deals. In the current market, price discovery is more influenced by the proactive inventory replenishment of small and medium-sized downstream buyers, making premium trading relatively more likely.
