LME aluminium price closed Tuesday trading up at US$2714/t; SHFE price slipped by US$13/t to US$3278/t
Three-month LME aluminium rose 1.98 per cent to end at US$ 2,706.50 per tonne on Tuesday, August 31.
LME aluminium cash (bid) price and LME official settlement price opened the week on Tuesday, August 31, with a surge of US$ 40.50 per tonne to US$ 2,714 per tonne. On Monday, August 30, the LME market was closed for a summer bank holiday. As of Tuesday, 3-months bid price and 3-months offer price also climbed by US$ 40.50 per tonne to come in at US$ 2,696 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,648 per tonne, up by US$ 30.50 per tonne from US$ 2,617.50 per tonne on August 27.
LME aluminium opening stock slipped from 1338125 tonnes to 1334675 tonnes. Live Warrants stood at 849900 tonnes, while Cancelled Warrants totalled 484775 tonnes.
LME aluminium 3-months Asian Reference Price settled at US$ 2,718.68 per tonne as of August 31.
SHFE Aluminium Price Trend
Benchmark aluminium price for SHFE decreased US$ 13 per tonne to close at US$ 3,278 per tonne on Wednesday, September 1, following the three consecutive days of hike.
The most-traded SHFE 2110 aluminium closed up 1.16 per cent to RMB 21,385 per tonne, with open interest down 17916 lots to 337400 lots.
The most-active SHFE 2110 aluminium contract decreased 0.7 per cent to end at RMB 21,235 per tonne last night.
Australian delegation visits NALCO, discusses business initiatives on the entire aluminium value chain
Next articleCompanhia Brasileira de Alumínio finalizes acquisition of 49% stake in 171.6-MW wind portfolio
Grow with
AL Circle
