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08 NOVEMBER 2021 AL CIRCLE

LME aluminium descends by 5.76% to stand at US$2,490.50/t; SHFE price ascends by US$47

EDITED BY : SARNALI CHAKRABORTY 1MINS READ

LME aluminium opened at US$2,558 per tonne last Friday morning and closed at US$2,555 per tonne.

LME aluminium descends by 5.76% to stand at US$2,490.50/t; SHFE price ascends by US$47

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On Friday, November 5, LME aluminium cash (bid) price shrank by US$152.5 per tonne or by 5.77 percent to stand at US$2,490 per tonne. LME aluminium official settlement price also got reduced by US$152.5 per tonne or by 5.76 percent to record at US$2,490.50 per tonne. December 22 bid price and December 22 offer price settled at US$2,503 per tonne and US$2,508 per tonne.

LME aluminium opening stock on November 5 closed at 1004050 tonnes. Live warrants for the same day stood at 621850 tonnes and cancelled warrant settled at 382200 tonnes.

LME aluminium 3-month Asian Reference Price stood at US$2,526.15 per tonne on November 5.

SHFE Aluminium Price Trend

On Monday, November 8, the benchmark aluminium price for SHFE moved up by US$47 tonne to stand at US$2,971 per tonne.

The most-traded SHFE 2112 aluminium closed down RMB 1280 per tonne to RMB 18680 per tonne, with open interest up 1339 lots to 217320 lots.

Outlook For The Indian Aluminium Industry

The most-traded SHFE 2112 aluminium contract opened at RMB 18,685 per tonne during last Friday’s night session before closing at RMB 19,020 per tonne, up RMB 340 per tonne.

Tagged with:

Price LME Aluminium

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EDITED BY : SARNALI CHAKRABORTY 1MINS READ

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