LME aluminium closed lower at US$ 1961.5/t; SHFE aluminium added 0.22%
Benchmark aluminium price on London Metal Exchange dropped 0.28 per cent to US$ 1961.5 per tonne on Thursday, November 26, from US$ 1967 per tonne on Wednesday.
As of Thursday November 26, LME aluminium cash (bid) price stands at US$ 1961.50 per tonne, LME official settlement price stands at US$ 1961.50 per tonne; 3-months bid price stands at US$ 1978 per tonne, 3-months offer price is US$ 1978 per tonne; Dec 21 bid price stands at US$ 1999 per tonne, and Dec 21 offer price stands at US$ 1999 per tonne.
The LME aluminium opening stock stood at 1383250 tonnes. Live Warrants totalled 1227950 tonnes, and Cancelled Warrants were 155300 tonnes.
LME aluminium 3-months Asian Reference Price is hovering at US$ 1980.35per tonne.
SHFE Aluminium Price Trend
Benchmark aluminium price for SHFE increased to stand at US$ 2452 per tonne on Friday, 27 November 2020.
The most-traded SHFE 2012 aluminium contract climbed 0.22% to end the day at RMB16,005 per tonne on Thursday, with open interest shrinking 19,263 lots to 90,067 lots.
Primary aluminium inventories in China record higher downfall this week to stand below 600 thousand tonnes
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