crashplaystation5| Yangtze River Nonferrous Metals: Alumina spot price continued to rise on the 27th, and overall transaction volume stabilized

Yangtze River Nonferrous Metals Network May 27crashplaystation5Today, alumina futures fluctuated and fell back. The main monthly contract 2407 opened higher and plunged before rebounded and rose. In the afternoon, it fluctuated and fell and closed at negative. As of the close of 15:00 on the day, the main monthly contract of alumina 2407 was 4062 yuan, down 15 yuan, or 0crashplaystation5.37%; a total of 657,726 lots were traded in 27 contracts, an increase of 102,670 lots or 18.50% from the previous trading day; positions of 183,385 lots decreased by 10,775 lots, a decrease of 5.55%.

Domestic alumina spot prices continued to rise today; according to ccmn data from Changjiang Nonferrous Metals Network, on May 27, 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's price; alumina per ton in East China was reported at 3,880 - 3,920 yuan, up 50 yuan from the previous trading day's price; alumina in Southwest China was reported at 3,860 - 3,900 yuan, up 30 yuan from the previous trading day's price; Alumina in the northwest region was quoted at between 4,220 and 4,260 yuan per ton, up 40 yuan from the previous trading day's quoted price.

Today, alumina futures in the previous period fluctuated and fell back, with the main monthly 2407 contract falling 0.37% daily; domestic alumina spot prices continued to rise. Compared with other metals, the trading sentiment in the alumina market is more positive. The market trading atmosphere is acceptable. Downstream replenishment also remains active, and the overall trading volume has stabilized. Alumina has strong fundamental support. At present, the supply of domestic mines is tight, production resumption is slow, imports are restricted, and supply has not increased significantly. On the demand side, due to the recovery or commissioning of electrolytic aluminum production capacity in Yunnan, Inner Mongolia, Guizhou and other places, downstream raw material inventories have declined, and it is expected that there will be a need for procurement and replenishment. Futures premium spot prices, holders are more willing to deliver positions, and spot prices are tight. As long as warehouse receipts do not flow into the market and downstream profits are stable, alumina prices are expected to maintain a rising trend, boosting bullish confidence.

Long Color Metal Network www.ccmn.cn Tel: 0592-5668838