Alumina Futures 2605 Contract Retreats After Rally Amid Weakening Momentum

Published: Feb 13, 2026 09:19

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Last night, the alumina futures 2605 contract showed a pattern of retreating after a rapid rise. In the early night session, it attempted a rebound, reaching a high of 2,844 yuan/mt, but subsequently, momentum weakened, and it closed at 2,811 yuan/mt, with gains narrowing. In terms of volume structure, trading volume surged significantly by 47,000 lots to 160,000 lots, while open interest decreased against the trend by 11,000 lots to 286,000 lots, indicating limited market willingness to chase highs and clear signs of funds exiting at elevated levels. The technical setup remains constrained by a bearish alignment, with the short-term moving average system—MA5 (2,820.8) and MA10 (2,820.3)—converging and exerting direct resistance on the futures, while the MA30 (2,829.57) further constitutes a medium-term resistance level. Overall, the futures exhibit weak adjustment characteristics, marked by increased volume without corresponding price gains and a pullback accompanied by reduced open interest.

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