LME aluminium closed on Friday for the Christmas holiday; SHFE aluminium edged up 0.28%
Shanghai base metals mostly closed higher on Friday night. SHFE aluminium shed 0.91%. The London Metals Exchange was closed for the Christmas holiday.
As of Thursday December 24, LME aluminium cash (bid) price and LME official settlement price rose for the second day in a row by US$ 23 per tonne to peg at US$ 2022 per tonne. 3-months bid price and 3-months offer price stood at US$ 2025.50 per tonne, up by US$ 17 per tonne from US$ 2008.50 per tonne on December 23. Dec 21 bid price and Dec 21 offer price came in at US$ 2050.50 per tonne.
The LME aluminium opening stock inched down from 1378100 tonnes to 1372350 tonnes on Thursday, December 24. Live Warrants stood at 1190225 tonnes, while Cancelled Warrants at 182125 tonnes.
LME aluminium 3-months Asian Reference Price hovered at US$ 2019.67 per tonne.
SHFE Aluminium Price Trend
Benchmark aluminium price for SHFE decreased to stand at US$ 2445 per tonne on Monday, 28 December 2020.
The most-liquid SHFE 2102 aluminium contract finished the day 0.28% higher at RMB15,900 per tonne on Friday, 25 December. Open interest fell 1,005 lots to 111,777 lots.
A00 aluminium ingot price opens the week lower at RMB16,190/t; Aluminium alloy(A356) price shrinks to RMB16,900/t
Next articleAlCircle setting new virtual trends during COVID-19 by presenting first-of-its-kind online “Global Aluminium Expo 2020”
Grow with
AL Circle
