【SMM Morning Commentary on Alumina: Domestic Alumina Spot Prices Experience Minor Increase, Short-Term Fundamentals May Show a Small Supply Gap】 Trading in the domestic alumina spot market is relatively sluggish, with only occasional restocking by electrolytic aluminum plants due to rigid demand. On the demand side, the operating capacity of electrolytic aluminum has peaked, and is expected to remain stable in the short term, leading to an overall stable demand for alumina. On the supply side, several regions in the north have experienced production cuts due to ore issues and equipment maintenance, leading to a reduction in supply. However, over time, alumina production will resume, and new capacities will gradually increase the alumina supply in the market. In the short term, the fundamentals of alumina may indicate a supply...
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