In the overseas market, the spot transaction price of alumina has further increased, continuously confirming the tight supply situation. As the basis has expanded, there are stage-specific arbitrage opportunities emerging. Futures and spot traders are relatively active in seeking supplies. Additionally, due to the tight supply, upstream suppliers are less likely to sell at a discount. The fundamental conditions for the industry are favorable, and alumina prices are expected to remain high. We are waiting for more spot transaction data to provide further market direction.
