Today, aluminum oxide futures prices fell across the board, with the main contract opening lower, trading weakly throughout the day, and closing lower at the end of the session. As of the day’s close, the main aluminum oxide contract for 2312 was priced at 3027 yuan, down 32 yuan, a decrease of 1.05%. A total of 55,870 contracts were traded for the 11 contracts, a decrease of 23,327 contracts compared to the previous trading day, a decrease of 29.45%. Open interest increased by 4,410 contracts, a 5.0% increase.
Today, domestic aluminum oxide spot prices in China rose, outperforming other metals. According to ccmn data, on October 9th, aluminum oxide in the South China region was priced at between 2820-2940 yuan per ton, unchanged from the previous trading day. In the East China region, aluminum oxide was priced at between 2950-2990 yuan per ton, an increase of 10 yuan per ton compared to the previous trading day. In the Southwest region, aluminum oxide was priced at between 2940-2970 yuan per ton, an increase of 20 yuan per ton compared to the previous trading day. In the Northwest region, aluminum oxide was priced at between 3310-3330 yuan per ton, an increase of 20 yuan per ton compared to the previous trading day.
Today, aluminum oxide futures on the Shanghai Futures Exchange fell, with the 2312 contract closing down 1.05% for the day. As demand for aluminum oxide increases with the return of people after the holiday, and supported by cost factors, domestic aluminum oxide spot prices rose today. Aluminum oxide prices are stable with an upward trend, and this situation may continue in the short term.