
Three-month LME aluminium opened at $2,890 per tonne on Thursday morning and ranged between 2,850-2,910 per tonne before closing at $2,890.5 per tonne, an increase of $0.5 per tonne or 0.02%. Trading volume was 16,000 lots, and open interest decreased by 3,968 lots to 646,000 lots.

On Thursday September 16, LME aluminium cash (bid) price inched up by US$1.5 or by 0.05 percent to come in at US$2,868.50 per tonne. The LME official settlement price also increased slightly by US$1 or by 0.03 percent to come in at US$2869 per tonne. 3-month bid price and 3 month offer price stood at US$2,892.50 per tonne and US$2,893 per tonne. December 22 bid price closed at US$2,752 per tonne and the offer price for the same day was recorded at US$2,757.
LME aluminium opening stock for September 16 settled at 1319150 tonnes. Live warrants were found to be 835200 and the cancelled warrant stood at 483950.
LME aluminium 3-month Asian Reference Price settled at US$2,877.74 per tonne as of September 16.
SHFE Aluminium Price Trend
Benchmark aluminium SHFE decreased by US$13 per tonne to close at US$3,516 per tonne on Friday, September 17.
The most-traded SHFE 2110 aluminium closed up 0.96 percent to RMB 22495 per tonne, with open interest down 14459 lots to 145000 lots.
Overnight, the most-traded SHFE 2110 aluminium contract opened at RMB 22,530 per tonne, with the highest and lowest prices at RMB 22,805 per tonne and RMB 22,425 per tonne before closing at RMB 22,640 per tonne, down by 0.13 percent. Trading volume was 15,080 lots, and open interest decreased by 3,527 lots to 142,000 lots.
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