
Three-month LME aluminium edged down 0.94 per cent to close at US$ 2,588.50 per tonne on Tuesday, with open interest losing 12,000 lots to 670,000 lots.

LME aluminium cash (bid) price and LME official settlement price decreased by US$ 39.50 per tonne to stand at US$ 2,595.50 per tonne on Tuesday, August 3, following the past four consecutive days of rise. 3-months bid price and 3-months offer price declined from US$ 2,628.50 per tonne to US$ 2,599.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,566 per tonne, down by US$ 20 per tonne from the previous day.
LME aluminium opening stock continued to decrease from 1378575 tonnes to 1371150 tonnes. Live Warrants stood at 831825 tonnes, while Cancelled Warrants came in at 539325 tonnes.
LME aluminium 3-months Asian Reference Price settled at US$ 2,598.49per tonne as of August 3.
SHFE Aluminium Price Trend
Benchmark aluminium price for SHFE extended decline by US$10 per tonne to come in at US$ 3,058 per tonne on Wednesday, August 4.
The most-traded SHFE 2109 aluminium closed down 1.13 per cent to RMB 19955 per tonne, with open interest down 22590 lots to 257000 lots.
The most-active SHFE 2109 aluminium contract decreased 0.50 per cent to end at RMB 19,740 per tonne last night, with open interest down 1,351 lots to 256,000 lots, and is expected to trade between RMB 19,500-19,900 per tonne today.
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