LME aluminium closed for Easter Monday; SHFE aluminium gained 1.36%
The London Metal Exchange was closed on Friday and Monday for Good Friday and Easter Monday. On Thursday, 1 April, Three-month LME aluminium settled 0.79 per cent higher at US$ 2,230 per tonne.
As of Thursday, April 1, both LME aluminium cash (bid) price and LME official settlement price remained restrained at US$ 2212.50 per tonne. But 3-months bid price and 3-months offer price grew by US$ 1 per tonne to stand at US$ 2236 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2266 per tonne, down by US$ 10 per tonne from US$ 2256 per tonne on March 31.
The LME aluminium opening stock decreased from 1897075 tonnes on Wednesday to 1889400 on Thursday. Live Warrants totalled 1333350 tonnes, while Cancelled Warrants stood at 556050 tonnes.
LME aluminium 3-months Asian Reference Price was US$ 2219.20 per tonne.
SHFE Aluminium Price Trend
Benchmark aluminium price for SHFE increased to stand at US$ 2680 per tonne on Tuesday, 6 April 2021.
The most-liquid SHFE 2105 aluminium contract finished the day 1.36% higher at RMB17,515 per tonne on Friday, April 2. Open interest fell 3,434 lots to 201,099 lots. The most-traded SHFE 2105 aluminium contract is likely to move between RMB17,400-17,700 per tonne today.
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