SMM Flash: Alumina Futures 2605 Contract Rises Slightly Amid Cooling Trading, Bullish Technical Setup

Published: Jan 29, 2026 09:20

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[SMM Flash] The overnight alumina futures 2605 contract opened at 2,800 yuan/mt, fluctuated upward during the session, hitting a high of 2,840 yuan/mt and a low of 2,800 yuan/mt, before finally closing at 2,820 yuan/mt. Trading volume decreased by 130,000 lots to 352,000 lots, indicating a cooling of market activity; open interest increased by 13,000 lots to 480,000 lots, suggesting a strengthening divergence between bulls and bears. Technically, the price has stabilized above the MA5 (2,803.4), MA10 (2,782.9), and MA30 (2,749.43), with short-term moving averages forming a bullish alignment, providing clear technical support and overall presenting a consolidation with a slight upward bias.

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