LME aluminium benchmark price inches up by US$3/t to US$3248/t; SHFE price soars by US$69/t
The LME aluminium benchmark price rose slightly on Wednesday, February 9, following four consecutive days of hike from US$3,043 per tonne to US$3,245 per tonne.
On Wednesday, February 9, LME aluminium cash (bid) price inched up by US$2 per tonne, while LME aluminium official settlement price gained US$3 per tonne to come in at US$3,246 per tonne and US$3,248 per tonne. 3-month bid price and 3-month offer price jumped by US$30 per tonne to settle at US$3,224.50 per tonne and US$3,225.50 per tonne. December 23 bid price and December 23 offer price totalled at US$2,880 per tonne and US$2,885 per tonne.
LME aluminium opening stock further decreased to 761950 tonnes. Live warrants and Cancelled warrants was recorded at 418850 tonnes and 343100 tonnes.
LME aluminium 3-month Asian Reference Price closed at US$3,206.12 per tonne.
SHFE aluminium price
On Thursday, February 10, the benchmark aluminium price for SHFE has surged by US$69 per tonne or 1.92 per cent to close at US$3,664 per tonne.
NALCO’s aluminium ingot price sees a surge of INR14500/t on February 9 in response to LME aluminium new price high since 2008
Next articlePrimary aluminium inventories in China surge by 84,000 tonnes to total at 950,000 tonnes on Feb.10
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