Group 1 - The core viewpoint of the articles indicates that aluminum oxide prices are experiencing a decline, with the main contract closing at 2863 yuan, down 46 yuan or 1.58% [1] - The trading volume for aluminum oxide contracts decreased significantly by 602,829 contracts, a drop of 28.13%, while open interest increased by 62,111 contracts, up 8.44% [1] - Domestic aluminum oxide spot prices remained stable across various regions, with prices in South China reported between 2730-2780 yuan per ton, East China between 2640-2680 yuan, Southwest between 2765-2805 yuan, and Northwest between 2915-2955 yuan, all unchanged from the previous day [1] Group 2 - On the supply side, there is a slight reduction in production, but expectations of a decrease in January production have already been priced in, leading to a divergence between futures and spot prices [2] - The latest warehouse data shows an increase in aluminum oxide inventory from 2089 tons to 155,000 tons, indicating weak demand [2] - Overall, despite expectations of production cuts due to losses, supply remains excessive, and geopolitical uncertainties are causing funds to exit the market, putting pressure on aluminum oxide futures prices [2]
长江有色:8日氧化铝期价跌1.58% 市场交投热度下降
Xin Lang Cai Jing·2026-01-08 08:42