Alumina price rise: May face resistance amid supply recovery
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Update time : 2025-05-27 15:39:21
Futures Market: Overnight, the most-traded alumina 2509 futures contract opened at 3,061 RMB per tonne, with a high of RMB 3,062 per tonne, a low of RMB 2,980 per tonne, and closed at RMB 3,001 per tonne, down RMB 59 per tonne or 1.93 per cent. Open interest stood at 401,000 lots.
Ore Market: As of May 26, the SMM Import Bauxite Index was reported at USD 73.33 per tonne, up USD 0.47 per tonne from the previous trading day. The SMM Guinea Bauxite CIF average price was reported at USD 74 per tonne, unchanged from the previous trading day. The SMM Australia Low-Temperature Bauxite CIF average price was reported at USD 70 per tonne, unchanged from the previous trading day. The SMM Australia High-Temperature Bauxite CIF average price was reported at USD 65 per tonne, unchanged from the previous trading day.
