Alumina Futures 2505 Contract Fluctuates Rangebound Amid Mixed Technical Signals

Published: Mar 16, 2026 11:16

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Overnight, the alumina futures 2505 contract fluctuated rangebound. After opening, it edged up to 2,991 yuan/mt before coming under pressure and pulling back, hitting a low of 2,924 yuan/mt and finally closing at 2,962 yuan/mt, up slightly by 6 yuan/mt. From the perspective of technical indicators, the closing price of 2,962 yuan/mt was exactly in line with MA5 (2,962.4), indicating that short-term moving average support remained temporarily effective, while the overhead resistance from MA10 (2,993.5) was evident; meanwhile, MA2889.47, as the medium and long-term moving average, remained below. Trading volume decreased by 101,000 lots from the previous day, while open interest increased by 4,679 lots, indicating that divergence between bulls and bears intensified somewhat, capital inflow willingness strengthened, but trading activity declined. In the short term, the market was expected to continue fluctuating and consolidating around the moving average system, awaiting new drivers to break the deadlock.

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