
LME aluminium opened at US$2,682 per tonne on Wednesday morning and closed at US$2,686 per tonne, up US$6 per tonne or 0.22 percent.

On Wednesday, November 3, LME aluminium cash (bid) price moved up by US$26.5 per tonne or by 0.98 percent to close at US$2,705.50 per tonne. LME aluminium official settlement price increased by US$26 per tonne or by 0.97 percent to close at US$2,706 per tonne. 3-month bid price and 3-month offer price US$2,722 per tonne and US$2,724 per tonne. December 22 bid price and December 22 offer price settled at US$2,677 per tonne and US$2,682 per tonne, respectively.
LME aluminium opening stock was on November 3 was recorded at 1019825 tonnes. Live warrants for the same day stood at 625350 tonnes and cancelled warrants totalled at 394475 tonnes.
LME aluminium 3-month Asian Reference was settled at US$2,729.29 per tonne on November 3.
SHFE Aluminium Price Trend
On Wednesday, November 4, the benchmark aluminium price for SHFE increased by US$14 per tonne to settle at US$3,132 per tonne.
The most-traded SHFE 2112 aluminium closed up RMB 340 per tonne to RMB 20375 per tonne, with open interest down 4464 lots to 208709 lots.
Overnight, the most-traded SHFE 2112 aluminium contract opened at RMB 20,275 per tonne, with the highest and lowest prices at RMB 20,350 per tonne and RMB 19,800 per tonne before closing at RMB 19,855 per tonne, down RMB 250 per tonne or 1.24 percent.
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