SMM Flash: Alumina 2601 Futures Stabilize & Rebound, Bearish Trend Persists

Published: Nov 6, 2025 09:05

Save

[SMM Flash] Futures: Overnight, the most-traded alumina 2601 futures contract opened at 2,770 yuan/mt, hit a high of 2,786 yuan/mt, touched a low of 2,764 yuan/mt, and finally closed at 2,775 yuan/mt, up 3 yuan/mt or 0.11% from the previous day; open interest stood at 430,000 lots. Futures prices stabilized and rebounded near key moving averages, with short-term downward pressure easing temporarily. From the perspective of moving averages: MA5 (2,771.00), MA10 (2,766.80), and MA30 (2,775.57). MACD indicator analysis suggests that the current alumina futures market is showing signs of technical recovery, but the overall bearish pattern remains unchanged. Although prices have found support near key moving averages and the green momentum bars may begin to contract, indicating a slowdown in short-term downward momentum, the MACD lines are still expected to remain below the zero axis, indicating that the market is still dominated by bears.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

SHFE Aluminum Night Session Closed Higher, Geopolitics and Fundamentals Jointly Supported Aluminum Prices [SMM Aluminum Morning Meeting Summary]

[SHFE Aluminum Night Session Closed Higher, with Geopolitics and Fundamentals Jointly Supporting Aluminum Prices] Overall, the geopolitical situation in the Middle East remained the core factor affecting the global aluminum market. A series of production cuts and damage incidents at Middle Eastern aluminum plants is expected to provide strong upward momentum for aluminum prices in and outside China, together with support from expectations of the gradual release of peak-season demand in China. In the short term, aluminum prices are expected to remain in a high-level consolidation pattern.

2 hours ago

Aluminum Alloy Night Session Trading Was Relatively Weak; ADC12 Moved Sideways in the Short Term [SMM Cast Aluminum Alloy Morning Comment]

[SMM Cast Aluminum Alloy Morning Comment: Weak Trading in the Aluminum Alloy Night Session, ADC12 to Move Sideways in the Short Term] The aluminum alloy 2605 contract showed a pattern of opening higher and then fluctuating lower in the night session. It opened at 23,985 yuan/mt, hit an intraday high of 23,985 yuan/mt, dipped to a low of 23,705 yuan/mt, and finally closed at 23,745 yuan/mt, up 50 yuan/mt from the previous trading day, or 0.21%. Trading volume was 2,253 lots, down 5,248 lots from the previous trading day, while open interest stood at 6,784 lots, down 174 lots. Both trading volume and open interest pulled back, indicating weak trading sentiment in the night session.

2 hours ago

11 hours ago

Analysis of Supply, Demand and Trade Pattern in the Aluminum Market

11 hours ago