【SMM Early Morning Commentary on Alumina: Spot Market Trading Remains Sluggish, Spot Prices Primarily Stable】Currently, the upstream and downstream sectors of the domestic market are in a game of negotiation. Due to limited spot supply, combined with issues such as the scarcity of ore resources and rising caustic soda prices, alumina plants are quoting firmly. On the other hand, downstream aluminum smelters, facing persistently high alumina prices, are primarily focused on executing long-term contracts, with only minimal restocking demand. As a result, spot market trading remains sluggish amidst a stalemate between bulls and bears, and prices remain stable at high levels. Overall...
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