Industry News

Spot alumina transaction prices in northern regions continue to narrow decline; spread between futures and spot prices continues to narrow

Update time : 2025-01-23 16:46:54

During the night session, the most-traded alumina 2502 futures contract opened at RMB 3,800 per tonne, with a high of RMB 3,806 per tonne and a low of RMB 3,772 per tonne, closing at RMB 3,784 per tonne, down RMB 17 per tonne or 0.43 per cent. Open interest stood at 48,700 lots.

As for spot alumina transactions, in Henan, 7,000 tonnes of spot alumina were transacted at a price range of RMB 3,880-3,900 per tonne.

The spot-futures price spread daily report suggests that, according to SMM data, as of 11:30 on January 22, the SMM alumina index showed a premium of RMB 392 per tonne against the latest transaction price of the most-traded contract.

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