LME aluminium benchmark price grows back-to-back at 0.73%; SHFE is closed for CNY holidays
On Tuesday, February 13, both LME aluminium cash bid price and LME aluminium official settlement price continued to grow by US$16 per tonne or 0.73 per cent to settle at US$2,203 per tonne and US$2,204 per tonne, respectively.
On a month-on-month basis, the LME aluminium benchmark price has recorded a surge of 1.3 per cent from US$2,175 per tonne.
On the same day, 3-month bid price and 3-month offer price experienced a hike of US$18 per tonne to reach US$2,232 per tonne and US$2,234 per tonne. December-25 bid price and December-25 offer price increased by US$12 per tonne to close the day at US$2,452 per tonne and US$2,457 per tonne.
The LME aluminium opening stock amounted to 525,225 tonnes on February 13 versus 525,250 tonnes on the previous day. Live Warrants and Cancelled Warrants stood at 325,400 tonnes and 199,825 tonnes, respectively.
The 3-month Asian Reference price halted at US$2,241.50 per tonne, up 1.55 per cent from US$2,207.35 per tonne.
SHFE price
The SHFE market is closed for the Chinese New Year Holidays from February 10 to February 18, 2024.
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