Changjiang Nonferrous Network on May 7th, alumina futures fluctuated today, the main monthly 2406 contract opened high and went low, the intraday decline was limited. As of the 15th dayGothamknightscrashingpcAt 00 close, alumina's main monthly contract was 3774 yuan, down 34 yuan, or 0%.GothamknightscrashingpcA total of 232466 contracts were traded in 13 contracts, an increase of 81669 hands or 54.20% over the previous trading day, while positions in 146116 contracts decreased by 1966 lots, or 1.33%.

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 7, the same as the previous trading day; alumina in East China reported between 3550-3590 yuan per ton, up 70 yuan from the previous trading day; alumina in southwest China reported between 3540-3580 yuan per ton, up 50 yuan from the previous trading day Alumina in the northwest region was reported between 3890 and 3930 yuan per ton, up 70 yuan from the previous trading day.

Today's last session of alumina futures volatility fell, the main month 2406 contract daily trading down 0.89%; domestic alumina spot prices continued to rise. The trading atmosphere in the spot market has warmed up, the selling sentiment of the holders is strong, and the spot supply remains tight. Downstream procurement enthusiasm is good, so that the overall trading volume has increased compared with yesterday. At the meeting in May, Federal Reserve Chairman Powell said that the market sentiment was supported by doves, while the supply of alumina mines was still tight, and the market was more pessimistic about the short-term recovery of ore supply in the north, and it was expected that the recovery of alumina supply would lag behind in the future. Coupled with the recent import window continued to close, multiple supply disturbance factors superimposed, so that alumina prices below a strong support, spot prices continue to rise. In spite of this, today's futures prices have been adjusted, but the range of correction is limited, so we should be cautious about the future. In operation, investors are advised to consider falling into the bag at a high level in order to avoid potential risks.

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