Changjiang Nonferrous Network, May 15KingstonarcadeToday, alumina futures continued to decline, the main monthly 2407 contract low opening concussion, the market maintained a weak trend. As of 15:00, alumina's main monthly contract was 3679 yuan, down 65 yuan, or 1.Kingstonarcade.74%KingstonarcadeThe total turnover of 6 contracts was 145138, a decrease of 33181 or 18% compared with the previous trading day.Kingstonarcade.61%; position 134869 hands decreased by 5079 hands, a decrease of 3.63%.
Today, the spot price of domestic alumina rose; according to ccmn data of Changjiang Nonferrous Network, alumina in southern China reported between 2860-2990 yuan per ton on May 15, the same as the previous trading day; alumina in East China reported between 3700-3740 yuan per ton, up 10 yuan from the previous trading day; alumina in southwest China reported between 3700-3740 yuan per ton, up 20 yuan from the previous trading day Alumina in the northwest region was reported between 4070 and 4110 yuan per ton, up 10 yuan from the previous trading day.
Today's last session of alumina futures continued to decline, the main monthly 2407 contract fell 1.74%; domestic alumina spot prices rose. Trading in the alumina market has slowed recently, with some traders making passive purchases due to long order demand, while most buyers remain cautious. The price offered by the manufacturer is strong, but the overall transaction is flat. In the futures market, long positions are reduced and futures prices are low and volatile. Shanxi coal mine production is expected to increase the supply of bauxite, manufacturers have a strong desire to increase production, but the increase in production in the short term is limited, there is still support for spot prices. The correction of futures price has entered the state of discount, and the space for downward exploration is limited. Investors are advised to operate cautiously, wait and see, and pay attention to factors such as market supply and demand, policy and electrolytic aluminum price.
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