LME aluminium opened at US$2253 per tonne on Monday, with its low and high at US$2243 per tonne and US$2295 per tonne respectively before closing at US$2286 per tonne, up US$33 per tonne or 1.42 per cent.
On Monday, November 6, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$34.5 per tonne or 1.55 per cent to clock at US$2,253.50 per tonne and US$2,254 per tonne.
As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price hiked by US$37 per tonne or 1.65 per cent to peg at US$2,278 per tonne and US$2,279 per tonne. December 24 bid price and December 24 offer price ascended by US$29 per tonne to rest at US$2,382 per tonne and US$2,387 per tonne.
LME aluminium opening stock settled at 466700 tonnes. Live warrants and Cancelled warrants rested at 203800 tonnes and 262900 tonnes. LME aluminium 3-month Asian Reference Price grew by US$19.21 per tonne or 0.85 per cent to settle at US$2,259 per tonne.
SHFE aluminium price
On November 7, today, the Shanghai Futures Exchange (SHFE) aluminium price expanded by US$24 per tonne or 0.91 per cent to arrive at US$2,655 per tonne. The most-traded SHFE 2312 aluminium contract opened at RMB 19305 per tonne overnight, with the highest and lowest prices at RMB 19365 per tonne and RMB 19305 per tonne before closing at RMB 19335 per tonne, up 32 per tonne.
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