LME aluminium benchmark price moves down by US$3/t; SHFE price dips to US$2775/t

The previous trading day, LME aluminium opened at US$2,500 per tonne, reached a high of US$2,513 per tonne, a low of US$2,491 per tonne, and closed at US$2,497 per tonne, down US$6 per tonne, a decrease of 0.24 per cent.

On Tuesday, June 25, both LME aluminium cash bid price and LME aluminium official settlement price moved down by US$3 per tonne or 0.12 per cent to settle at US$2,451 per tonne and US$2,451.50 per tonne.

3-month bid price and 3-month offer price dipped by US$7 per tonne or 0.27 per cent to dock at US$2,498 per tonne and US$2,499 per tonne.  LME aluminium opening stock came in at 1044325 tonnes. Live warrants and Cancelled warrants settled at 466500 tonnes and 577825 tonnes.

December 25 bid price and December 25 offer price descended by US$10 per tonne or 0.37 per cent to clock at US$2,640 per tonne and US$2,645 per tonne. LME aluminium 3-month Asian Reference Price settled at US$2,503.79 per tonne.

SHFE aluminium price

On Wednesday, June 26, the SHFE aluminium benchmark price declined by US$23 per tonne or 0.82 per cent to peg at US$2,775 per tonne. Overnight, the most-traded SHFE aluminium contract 2408 opened at RMB 20,255 per tonne, reached a high of RMB 20,345 per tonne, a low of RMB 20,250 per tonne, and closed at RMB 20,255 per tonne, down RMB 105 per tonne, a decrease of 0.52 per cent.