Alumina 2605 Futures Rise Overnight; Technical Signals Hint at Short-Term Momentum Amid Cautious Trading

Published: Feb 3, 2026 09:33

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[SMM Aluminum Express - Alumina February 2, 2026 Night Session Review] Overnight, the most-traded alumina 2605 futures contract opened at 2,796 yuan/mt, hit a high of 2,843 yuan/mt, touched a low of 2,783 yuan/mt, and finally closed at 2,821 yuan/mt, up 49 yuan/mt from the previous day. Open interest increased by 270 lots to 376,000 lots, with overall market trading relatively cautious. Maintenance and shutdown signals from alumina refineries provided some support to the bulls. Technically, the closing price was above the MA5 (2,797.60), MA10 (2,756.70), and MA30 (2,762.23), lending some upward momentum. Meanwhile, the MACD indicator's DIF (3.87) crossed above the DEA (-3.49), continuing a low-level golden cross, with the histogram at 14.73. It is expected that alumina futures will continue to be in the doldrums in the short term.

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