Alumina Futures 2605 Contract Retreats After Surge, Weak Trend Persists

Published: Apr 17, 2026 09:11

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Futures: In terms of futures performance, the most-traded alumina futures 2605 contract was in the doldrums during the overnight session. After the opening, it surged to 2,694 but failed to break through effectively. With insufficient upward momentum, it subsequently pulled back to close at 2,668, displaying an overall pattern of retreat after rapid rise. Decreased trading volume indicated declining market participation, while open interest edged up, reflecting intensifying divergence between bulls and bears. From a technical perspective, the current price is running above MA5 (2,658.68) and MA10 (2,656.3), still providing some short-term support, but is clearly under pressure from MA20 (2,690.04) and MA40 (2,755.38), with strong resistance from medium-term moving averages, and the overall trend remains weak. In the short term, futures are likely to move sideways, with attention on resistance near the 2,690 level above and support around 2,650 below.

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