Alumina Futures 2605 Contract Drops with Bearish Technical Signs

Published: Feb 12, 2026 09:26

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Overnight, the alumina futures 2605 contract opened lower and trended downward. After briefly touching a high of 2,850 yuan/mt at the opening, it fluctuated and pulled back, closing at 2,818 yuan/mt in the final session, marking the intraday low. Trading volume surged significantly by 59,000 lots to 148,000 lots, while open interest increased by 6,579 lots to 306,000 lots. The simultaneous rise in volume and open interest indicates an intensifying tug-of-war between longs and shorts, with active selling pressure strengthening. On the technical indicator front, the short-term moving average system exerted downward pressure on the futures: the closing price clearly fell below both the MA5 (2,838.6) and MA30 (2,832.17), while also breaking through the MA10 (2,823.9) support. The three moving averages are converging but show signs of a bearish alignment, suggesting a weakening short-term technical outlook.

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