godzillapinball| Yangtze River Nonferrous Metals: The alumina period on the 24th is now rising at the same time. The overall transaction is stable today

Yangtze River Nonferrous Metals Network May 24godzillapinballToday, alumina futures fluctuated upwardgodzillapinball, the main monthly 2407 contract opens higher and runs stronger, and the focus of the futures price returns to 4000 yuan. As of the close of 15:00 on the same day, the main monthly contract of alumina 2407 was reported at 4093 yuan, with a length of 64 yuan, an increase of 1.1godzillapinball.59%; a total of 555,056 lots were sold in 13 contracts, a decrease of 4,992 lots from the previous trading day, a decrease of 0.0%godzillapinball.90%; open positions of 194,160 lots increased by 14,143 lots, with a long range of 7.90%.

Domestic alumina spot prices continued to rise today; according to ccmn data from Changjiang Nonferrous Metals Network, on May 24, 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 3,830 - 3,870 yuan, up 40 yuan from the previous trading day's price; alumina in Southwest China was reported at 3,830 - 3,870 yuan, up 25 yuan from the previous trading day's price; Alumina in the northwest region was quoted at between 4,180 and 4,220 yuan per ton, up 30 yuan from the previous trading day's quoted price.

Today, alumina futures in the previous period fluctuated upward, with the main monthly 2407 contract rising by 1.59% daily; domestic alumina spot prices continued to rise. The alumina market is still strong, and the spot supply is tight. The sellers have not changed their price and slowed down the sales pace. Downstream traders are just in need of support. The overall transaction is stable today. Tensions at the alumina ore end continue. Although Shanxi, Henan and Inner Mongolia have strong expectations for alumina production and production, the supply end is still significantly restricted by tight ore supply, and it is difficult to achieve significant growth in the short term. At the same time, the demand side has maintained a steady upward trend. Electrolytic aluminum production capacity in Yunnan Province continues to steadily resume production. Some electrolytic aluminum plants in Inner Mongolia and Guizhou are also scheduled to be put into operation before the end of this month. Currently, alumina prices are supported by tight supply and demand, showing a turbulent upward trend. In the future, the market will pay close attention to the resumption of production of inland mines to assess its potential impact on the balance of supply and demand and price trends of alumina.

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