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16 JANUARY 2021 AL CIRCLE

LME aluminium benchmark price shrinks to US$2000.50/t this week; SHFE price declines 3% to US$2297/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Benchmark aluminium price on the London Metal Exchange decreased this week by 0.37 per cent to settle at US$ 2000.50 per tonne amid the incessant decline in LME aluminium opening stock from 1305825 tonnes to 1288675 tonnes.

LME aluminium benchmark price shrinks to US$2000.50/t this week; SHFE price declines to US$2274/t

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LME aluminium cash (bid) price and LME official settlement price closed lower this week at US$ 2000.50 per tonne on Friday, January 15. The prices started at US$ 2008 per tonne on Monday, January 11, and gained US$ 2025.50 per tonne on Tuesday, January 12. On Wednesday, the price declined again to US$ 2009.50 per tonne, followed after a marginal growth of US$ 1 per tonne to US$ 2010.50 per tonne on Thursday, January 14. They shrunk further on the next day by US$ 10 per tonne.

3-months bid price and 3-months offer price also started the week on January 11 at US$ 2008 per tonne and closed the week, on January 15, lower at US$ 1998.50 per tonne. In the meantime, the prices hovered around US$ 2025 per tonne on Tuesday, recording a hike of US$ 15 per tonne from the price in Monday. On Wednesday, they declined to US$ 2008.50 per tonne and stood at US$ 2009 per tonne on Thursday, January 14.

Dec 21 bid price and Dec 21 offer price ranged between US$ 2079.50 per tonne and US$ 2070 per tonne, a decrease of US$ 9.50 per tonne over the week.

Aluminium Industry Recap: 2020

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE fell this week from US$ 2372 per tonne on Monday, January 11, to US$ 2,297 per tonne on Friday, January 15. On Tuesday, the price stood at US$ 2337 per tonne, down by US$ 35 per tonne from Monday. On Wednesday, January 13, the price plunged further to US$ 2316 per tonne and to US$ 2274 per tonne on Thursday, January 14. So, over the week, SHFE aluminium price recorded a plunge of 3.16 per cent.

Tagged with:

Price LME

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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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