LME aluminium benchmark price closes the week with a drop of US$5/t; SHFE price moves down to US$2,613/t
LME aluminium opened at US$2,204 per tonne last Friday, with its high and low at US$2,212 per tonne and US$2,190 per tonne, respectively, before closing at US$2,190 per tonne, a decrease of US$11 per tonne or 0.5 per cent.
On Friday, October 13, both LME aluminium cash bid price and LME aluminium official settlement price went down by US$4.5 per tonne or 0.20 per cent and US$5 per tonne or 0.20 per cent to settle at US$2,175.50 per tonne and US$2,176 per tonne.
LME aluminium 3-month bid price and 3-month offer price descended by US$6.5 per tonne or 0.29 per cent and US$7 per tonne or 0.31 per cent to peg at US$2,200.50 per tonne and US$2,201 per tonne.
December 24 bid price and December 24 offer price dropped by US$8 per tonne 0.34 per cent to halt at US$2,322 per tonne and US$2,327 per tonne. LME aluminium opening stock clocked at 488625 tonnes. Live warrants and Cancelled warrants settled at 193300 tonnes and 295325 tonnes.
LME aluminium 3-month Asian Reference Price increased by US$18.92 per tonne or 0.85 per cent to clock at US$2,200.11 per tonne.
SHFE aluminium price
Today, on October 16, the Shanghai Futures Exchange (SHFE) aluminium price chart has shown a dip of US$2 per tonne or 0.07 per cent to clock at US$2,613 per tonne. Last Friday night, the most-traded SHFE 2311 aluminium contract opened at RMB 18,985 per tonne, with its lowest and highest at RMB 18,875 per tonne and RMB 18,985 per tonne before closing at RMB 18,910 per tonne, down RMB 30 per tonne or 0.16 per cent compared with the previous trading day.
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