Changjiang Nonferrous Metals Network, May 20, alumina futures soared strongly today. The main monthly contract 2407 opened higher. The center of gravity of intraday futures prices continued to rise, and the late session shocks reached a new high. As of the close of 15:00 on the same day, the main monthly contract of alumina 2407 was 3899 yuan, up 135 yuan, or 3.3poker3.59%; a total of 409,636 lots were traded in one contract, an increase of 243,146 lots or 146.04% from the previous trading day; positions of 159,027 lots increased by 16,217 lots, or 11.36%.
Domestic alumina spot prices are mainly stable today; according to ccmn data from Changjiang Nonferrous Metals Network, on May 20, alumina per ton in South China was reported at between 2,860 and 2,990 yuan, which was the same as the previous trading day; alumina in East China was reported per ton. 3,710 - 3,750 yuan, which was the same as the previous trading day; alumina per ton in Southwest China was reported at between 3,710 - 3,750 yuan, which was the same as the previous trading day; Alumina in the northwest region was quoted at between 4,090 and 4,130 yuan per ton, which was the same as the previous trading day's quoted price.
Today, alumina futures in the previous period soared strongly, with the main monthly 2407 contract rising 3.59% daily; domestic alumina spot prices remained mainly stable. Trading in the alumina market has performed enthusiastically. Downstream electrolytic aluminum companies have increased their purchasing efforts in the market. Commodity prices have remained high and stable. Market outlook is expected to be stable. The overall trading volume has increased today. The increase in the ore supply side of alumina is limited. Only some tunnel mining in bauxite mines in Shanxi has resumed mining. There are no signs of mining in open-pit mines, and the ore supply is still tight. On the demand side, the process of resuming electrolytic aluminum production in Yunnan is accelerating, which further promotespoker3Demand for alumina increased. In the short term, spot prices will continue to remain strong and provide support for futures prices. In addition, alumina futures prices are also driven by the strong rise in electrolytic aluminum prices, and the current non-ferrous metals market as a whole is boosted by macro expectations. Domestic real estate market policies continue to play a role and market sentiment is high, making alumina prices continue to rise in the short term, setting a new high since listing.
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