After a brief period of stabilization, China’s spot alumina prices have resumed their downward trajectory. From last Thursday to Friday, sporadic transactions emerged in the spot alumina market, with prices in northern China generally ranging from 3,200 to 3,300 yuan/mt. As spot alumina prices decline, the industry's average profit margin has narrowed to approximately 100 yuan/mt, with some alumina refineries experiencing losses. Under significant cost pressures, several refineries in northern China have implemented production cuts.