
Three-month LME aluminium fell 1.49 per cent to close at US$ 2,450.50 per tonne on Thursday. It is expected to trade between US$ 2,410-2,480 per tonne today.

LME aluminium cash (bid) price and LME official settlement price extended decline for the third day in a row sharply by US$ 73.50 per tonne to close at US$ 2,435 per tonne on Thursday, July 8. 3-months bid price and 3-months offer price stood at US$ 2,450 per tonne, down by US$ 78 per tonne from US$ 2,528 per tonne on July 7. Dec 22 bid price and Dec 22 offer price plunged from US$ 2,499.50 per tonne to US$ 2,433.50 per tonne.
LME aluminium opening stock decreased from 1526275 tonnes to 1517200 tonnes. Live Warrants totalled 907325 tonnes, while Cancelled Warrants stood at 609875 tonnes.
LME aluminium 3-months Asian Reference Price hovered around US$ 2,467.91per tonne on July 8 against US$ 2,518.36 per tonne on July 7.
SHFE Aluminium Price Trend
Benchmark aluminium price for SHFE inched up by US$ 3 per tonne to end the week on Friday, July 9, at US$ 2,910 per tonne.
The most-liquid SHFE 2108 aluminium contract fell 0.35 per cent to settle at RMB 18,750 per tonne on Thursday night, and is expected to trade between RMB 18,500-18,900 per tonne today.
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