LME aluminium closed the week slightly lower on Friday
Benchmark aluminium price on London Metal Exchange dropped 0.34 per cent to US$ 1775.5 per tonne on Friday, from US$ 1781.5 per tonne on Thursday.
As on Friday January 24, LME aluminium cash (bid) price stands at US$ 1775 per tonne, LME official settlement price stands at US$ 1775.5 per tonne; 3-months bid price stands at US$ 1785 per tonne, 3-months offer price is US$ 1786 per tonne; Dec 20 bid price stands at US$ 1915 per tonne, and Dec 20 offer price stands at US$ 1920 per tonne.
The LME aluminium opening stock dropped to 1260150 tonnes. Live Warrants totalled 732075 tonnes, and Cancelled Warrants were528075tonnes.
LME aluminium 3-months Asian Reference Price is hovering at US$ 1792.15 per tonne.
SHFE Aluminium Price Trend
Shanghai Futures Exchange is closed for Chinese New Year holiday.
Vedanta raised aluminium ingot price by more than 1% with effect from January 22
Next articleNalco continues to increase its aluminium ingots prices by nearly 1%
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