Alumina Futures 2505 Contract Fluctuates Downward, Market in Short-Term Consolidation

Published: Mar 6, 2026 09:11

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Overnight, the alumina futures 2505 contract fluctuated downward, hitting an intraday high of 2,817 yuan/mt and a low of 2,777 yuan/mt, and finally closed at 2,790 yuan/mt. In terms of volume, trading volume contracted markedly, down 184,000 lots from the previous day, indicating a cooling in market trading sentiment; open interest increased slightly, suggesting that the tug-of-war between longs and shorts continued, with some funds opting to maintain positions. From a technical perspective, the current price was trading near the short-term moving averages: MA5 (2,801.2) was slightly above the closing price, creating some resistance, while MA10 (2,785.9) and MA30 (2,786.43) were largely flat, providing support below. This indicates that the short-term market was in a consolidation phase within a moving-average convergence zone, with the direction still unclear.

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