Alumina Futures 2605 Contract Retreats Amid Technical Pressure, Cautious Sentiment

Published: Mar 2, 2026 09:41

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The alumina futures 2605 contract showed a retreat after rapid rise overnight, opening at 2,746 yuan/mt, reaching an intraday high of 2,772 yuan/mt before pulling back, hitting a low of 2,743 yuan/mt, and finally closing at 2,751 yuan/mt. From a technical perspective, the short-term moving average system exerted pressure on the futures price, with the MA5 and MA10 converging near 2,743.2 and 2,745.1 respectively, indicating intense tug-of-war between longs and shorts; the MA30 above was at 2,811.7, imposing strong resistance on the rebound. Meanwhile, market volume significantly shrank, with trading volume dropping to 174,000 lots and open interest also decreasing to 366,000 lots, suggesting that sentiment became cautious near key points.

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