【金十期货热图】今日氧化铝期货盘中一度触及涨停！什么原因？后市能否继续看多？一图了解。

Group 1 - The market anticipates a new round of supply-side reform in the alumina industry, leading to a significant rise in futures prices, although the actual impact is more emotional than substantial due to limited old production capacity [4] - The definition of "old facilities" includes those in operation for over 20 years, with potential elimination of some high-cost capacity, but the direct impact is limited, affecting only 4 to 5 million tons of capacity, which is a small proportion [5] - Some companies are expected to begin maintenance in late July, which may tighten the current spot supply of alumina, although overall supply remains excessive with national inventories continuing to rise [6][7] Group 2 - Despite expectations of long-term supply surplus, some alumina companies are entering maintenance periods, leading to a projected decrease in production, while spot market supply is tightening and traders are maintaining a strong price support stance [7] - The low inventory levels at the Shanghai Futures Exchange have led to a significant reduction in warehouse receipts, creating a market squeeze sentiment, although the opening of the selling delivery window suggests an expectation of increased inventory in the future [8]