LME aluminium opened at US$2,236 per tonne yesterday, with its high and low at US$2,260.5 per tonne and US$2,231.5 per tonne respectively before closing at US$2,252 per tonne, up by US$16 per tonne or 0.72 per cent.
On Monday, March 11, both LME aluminium cash bid price and LME aluminium official settlement price lost US$7 per tonne or 0.31 per cent to clock at US$2,201.50 per tonne and US$2,202 per tonne.
As per the LME data, both 3-month bid price and 3-month offer price descended by US$14 per tonne or 0.62 per cent to settle at US$2,242 per tonne and US$2,243 per tonne. December 25 bid price and December 25 offer price dipped by US$15 per tonne or 0.60 per cent to peg at US$2,448 per tonne and US$2,453 per tonne.
LME aluminium opening stock came in at 577675 tonnes. Live warrants and Cancelled warrants settled at 348975 tonnes and 228700 tonnes. LME aluminium 3-month Asian Reference Price dropped by US$8.84 per tonne or 0.39 per cent to arrive at US$2,242.95 per tonne.
SHFE aluminium price
On Tuesday, March 12, the SHFE aluminium benchmark price added US$14 per tonne to arrive at US$2,672 per tonne. The most-traded SHFE 2404 aluminium contract opened at RMB 19,195 per tonne overnight, with its low and high at RMB 19,165 per tonne and RMB 19,225 per tonne before closing at RMB 19,220 per tonne, up RMB 20 per tonne or 0.10 per cent.
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