[SMM alumina early evaluation: The total operating capacity of alumina in April may increase by 1.84% year-on-year. Short-term alumina spot prices may mainly fluctuate and adjust.]

Summary: Currently, the domestic alumina industry is still profitable, and alumina enterprises have not reduced their willingness to increase production and output. According to SMM research, alumina enterprises in Shanxi province have a slower overall resumption progress, and enterprises relying on imported ore for production have fluctuating operating rates. In comparison, enterprises in Henan province have higher efficiency in increasing production and resuming operations. Additionally, some production capacity in Guizhou and Guangxi may also resume operations in April. SMM predicts that the average daily production in April 2024 will be...