The alumina fundamentals are relatively loose, and the spot price may remain in the doldrums in the short term

Futures Market: On Friday, the most-traded alumina 2509 futures contract opened at RMB 2,909 per tonne during the night session, with a high of RMB 2,922 per tonne, a low of RMB 2,889 per tonne, and closed at RMB 2,898 per tonne, down RMB 3 per tonne or 0.10 per cent from the previous close. Open interest stood at 307,000 lots.
Ore Market: As of June 6, the SMM Import Bauxite Index was reported at USD 75.20 per tonne, up USD 0.26 per tonne from the previous trading day. The SMM Guinea Bauxite CIF average price was reported at USD 75 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.