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07 DECEMBER 2021 AL CIRCLE

LME aluminium falls by US$47.5/t to close at US$2,600.50/t; SHFE price shrinks by US$23/t

EDITED BY : SARNALI CHAKRABORTY 2MINS READ

LME aluminium opened at US$2,622.5 per tonne on Monday and ranged between 2,581.5-2,633 per tonne before closing at US$2,594 per tonne, a drop of US$22 per tonne or 0.84 percent. Open interest fell 1,667 lots to 665,000 lots, and trading volume was 11,593 lots.

LME aluminium falls by US$47.5/t to close at US$2,600.50/t; SHFE price shrinks by US$23/t

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Both LME aluminium cash (bid) price and LME aluminium official settlement price declined by US$47.5 per tonne or by 1.79 percent to stand at US$2,599.50 per tonne and US$2,600.50 per tonne, as of Monday, December 6. For the same day, 3-month bid price and 3-monthoffer price closed at US$2,585 per tonne and US$2,586 per tonne. December 22 bid price and December 22 offer price was recorded at US$2,488 per tonne and US$2,493 per tonne.

LME aluminium opening stock totalled at 898450 tonnes. Live warrants and cancelled warrants for the same day settled at 698550 tonnes and 199900 tonnes.

LME aluminium 3-month Asian Reference Price stood at US$2,603.64 per tonne.

SHFE Aluminium Price Trend                      

On Tuesday, December 7, the benchmark aluminium price for SHFE has moved down by US$23 per tonne to close at US$2,941 per tonne.

The most-traded SHFE 2201 aluminium closed down 0.45 percent or RMB 85 per tonne to RMB 18710 per tonne, with open interest down 85 lots to 191461 lots.

World Recycled Aluminium Market Analysis

Overnight, the most-traded SHFE 2201 aluminium contract opened at RMB 18,770 per tonne, with the highest and lowest prices at RMB 18,810 per tonne RMB 18,660 per tonne before closing at RMB 18,770 per tonne, up RMB 60 per tonne or 0.32 percent. Open interest rose 592 lots to 192,000 lots, and trading volume was 121,000 lots.

Tagged with:

Price LME Aluminium

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EDITED BY : SARNALI CHAKRABORTY 2MINS READ

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