Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
15 SEPTEMBER 2020 AL CIRCLE

LME aluminium price climbed up by US$2.5/t to stand at US$1749/t; SHFE increased to US$2146/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

The US dollar slipped on Monday, September 14, against its major peers, dropping to a two-week low versus the yen, as positive news about a COVID-19 vaccine and a wave of merger and acquisition deals lifted the mood in global equity markets.

Three-month LME aluminium ended 1.52 per cent higher at US$ 1,802 per tonne on Monday, after hitting an intraday high of US$ 1,805 per tonne earlier in the session. It is likely to move between US$ 1,780-1,820 per tonne today.   

{alcircleadd}

LME aluminium price climbed up by US$2.5/t to stand at US$1749/t

LME aluminium cash (bid) price and LME official settlement price stood at US$ 1749 per tonne on Monday, September 14, growing by US$ 2.50 per tonne from US$ 1746.50 per tonne on September 11. 3-months bid price and 3-months offer price hovered at US$ 1787.50 per tonne versus US$ 1785.50 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1866 per tonne.

The LME aluminium opening stock extended decline to 1516500 tonnes. Live Warrants stood at 1255675 tonnes, while Cancelled Warrants at 260825 tonnes.

LME aluminium 3-months Asian Reference Price hovered at US$ 1780.98 per tonne.

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE increased to US$ 2146 per tonne on Tuesday, September 15, following a dip on Monday from US$ 2133 per tonne to US$ 2131 per tonne.

Global Aluminium Expo 2020

The most-liquid SHFE 2010 aluminium contract climbed to an intraday high of RMB 14,540 per tonne after opening and finished the day 0.73 per cent higher at RMB 14,515 per tonne. Open interest fell 980 lots to 126,000 lots. The change of the basis and the flow of the fund will come under scrutiny.

The most-liquid SHFE 2010 aluminium contract closed 0.76 per cent firmer at RMB 14,525 per tonne in overnight trading, and is likely to trade between RMB 14,300-14,650 per tonne today, with spot premiums stable at RMB 20 per tonne.

 

Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020”on October 6-7, 2020. For registration, visit www.alcircleevents.com

Tagged with:

Price LME Aluminium

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.