LME aluminium slid to US$2,200 per tonne after opening at US$2,240 per tonne on Wednesday but then jumped more than 6 per cent to US$2,400 per tonne as the United States was considering retaliatory measures against Rusal. LME aluminium closed at US$2,344 per tonne, an increase of 4.11 per cent.
On Wednesday, October 12, LME aluminium cash bid price and LME aluminium official settlement price went up after experiencing a decline for three consecutive days. As per the data, both prices grew by US$8 per tonne or 0.36 per cent and US$8.5 per tonne or 0.38 per cent to settle at US$2,226 per tonne and US$2,227 per tonne.
On the same day, 3-month bid price and 3-month offer price climbed up the graph by US$4.5 per tonne or 0.20 per cent to stand at US$2,219.50 per tonne and US$2,220 per tonne.
December 23 bid price and December 23 offer price increased by US$5 per tonne or 0.21 per cent to halt at US$2,302 per tonne and US$2,307 per tonne.
LME aluminium opening stock came in at 336275 tonnes. Live warrants and Cancelled warrants closed at 283600 tonnes and 52675 tonnes.
LME aluminium 3-month Asian Reference Price went down by US$8.33 per tonne or 0.37 per cent to reside at US$2,230.50 per tonne.
SHFE aluminium price
On Thursday, October 13, the SHFE aluminium benchmark price ascended by US$8 per tonne or 0.31 per cent to halt at US$2,586 per tonne.
The most-traded SHFE 2211 aluminium closed down 1 per cent or RMB 185 per tonne to RMB 18,340 per tonne, with open interest down 3,350 lots to 144,110 lots.
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The most-traded SHFE aluminium contract opened at RMB 18,280 per tonne overnight and rose to RMB 18,590 per tonne before closing at RMB 18,485 per tonne, up or 0.57 per cent.
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