LME aluminium benchmark price gains US$14.5/t; SHFE price hikes to US$2815/t

The previous trading day, LME aluminium opened at US$2,509 per tonne, reached a high of US$2,542 per tonne, a low of US$2,485 per tonne, and closed at US$2,522 per tonne, up US$15.5 per tonne, an increase of 0.62 per cent.

On Wednesday, September 18, both LME aluminium cash bid price and LME aluminium official settlement price gained US$14.5 per tonne or 0.57 per cent to clock at US$2,519.50 per tonne and US$2,520 per tonne.

As per the LME graph, 3-month bid price and 3-month offer price added US$8.5 per tonne or 0.33 per cent and US$7 per tonne or 0.27 per cent to settle at US$2,527.50 per tonne and US$2,528 per tonne.

December 25 bid price and December 25 offer price moved up by US$2 per tonne or 0.07 per cent to settle at US$2,620 per tonne and US$2,625 per tonne.

LME aluminium opening stock came in at 813500 tonnes. Live warrants and Cancelled warrants closed at US$349975 tonnes and 463525 tonnes.

On the same day, LME aluminium 3-month Asian Reference Price remained the same at US$2,495.90 per tonne.

SHFE aluminium price

On Thursday, September 19, the SHFE aluminium benchmark price (AL2410) has hiked by US$21 per tonne or 0.75 per cent to settle at US$2,815 per tonne. Overnight, the most-traded SHFE aluminium 2410 contract opened at RMB 19,960 per tonne, reached a high of RMB 19,975 per tonne, a low of RMB 19,855 per tonne, and closed at RMB 19,930 per tonne, up RMB 40 per tonne, an increase of 0.2 per cent.

Note: We are pleased to announce that the AL Circle website now includes CME (Futures) aluminium prices in addition to the previously available LME and SHFE aluminium prices. We invite you to explore this expanded offering in our price section for the most comprehensive and up-to-date aluminium pricing information.