LME aluminium benchmark price drops to US$2,165/t; SHFE price gains US$37/t to US$2,638/t

LME aluminium opened at US$2212.5 per tonne in the previous trading day, with its low and high at US$2196 per tonne and US$2218 per tonne, respectively, before closing at US$2216 per tonne, up US$4.5 per tonne or 0.2 per cent.

On Friday, November 17, LME aluminium cash bid price and LME aluminium official settlement price hiked by US$17.5 per tonne or 0.80 per cent to close at US$2,164.50 per tonne and US$2,165 per tonne.

London Metal Exchange graph displayed that the 3-month bid price and 3-month offer price dropped by US$16 per tonne or 0.72 per cent and US$16.5 per tonne or 0.74 per cent to halt at US$2,203 per tonne and US$2,203.50 per tonne.

December 24 bid price and December 24 offer price dipped by US$15 per tonne or 0.64 per cent to clock at US$2,318 per tonne and US$2,323 per tonne. LME aluminium opening stock came in at 481775 tonnes. Live warrants and Cancelled warrants closed at 212875 tonnes and 268900 tonnes.

LME aluminium 3-month Asian Reference Price also fell by US$17.5 per tonne or 0.78 per cent to reside at US$2,212.43 per tonne.

SHFE aluminium price

On November 20, today, the Shanghai Futures Exchange (SHFE) aluminium price has gained US$37 per tonne or 1.42 per cent to reach US$2,638 per tonne. The most-traded SHFE 2312 aluminium contract opened at RMB 18870 per tonne at last Friday’s night session, with its low and high at RMB 18805 per tonne and RMB 18870 per tonne before closing at RMB 18825 per tonne, down RMB 40 per tonne, or 0.21 per cent.