LME aluminium benchmark price dwindles by US$45.5/t; SHFE price gains US$17/t

The previous trading day, LME aluminium opened at US$2,519.5 per tonne, reached a high of US$2,523.5 per tonne, a low of US$2,476.5 per tonne, and closed at US$2,507.5 per tonne, down US$15.5 per tonne, a decrease of 0.61 per cent.

On Monday, June 17, both LME aluminium cash bid price and LME aluminium official settlement price declined by US$45.5 per tonne or 1.84 per cent and 1.82 per cent to clock at US$2,419.50 per tonne and US$2,420 .50 per tonne.

As per the LME aluminium price graph, both 3-month bid price and 3-month offer price slumped by US$44 per tonne or 1.73 per cent and US$43 per tonne or 1.69 per cent to peg at US$2,485 per tonne and US$2,487 per tonne.

December 25 bid price and December 25 offer price contracted by US$37 per tonne or 1.39 per cent to dock at US$2,618 per tonne and US$2,623 per tonne. On the same day, 3-month Asian Reference Price descended by US$52.5 per tonne or 2.06 per cent to reach US$2,429.36 per tonne.

LME aluminium opening stock came in at 1073950 tonnes. Live warrants and Cancelled warrants settled at 484425 tonnes and 589525 tonnes.

SHFE aluminium price

On Tuesday, June 18, the SHFE aluminium benchmark price gained US$17 per tonne or 0.60 per cent to reside at US$2,815 per tonne.

Overnight, the most-traded SHFE 2407 aluminium contract opened at RMB 20,240 per tonne, reached a high of RMB 20,380 per tonne, a low of RMB 20,230 per tonne, and closed at RMB 20,350 per tonne, up RMB 70 per tonne, an increase of 0.35 per cent.