LME aluminium price dropped 1.13% to US$ 1755.5/t on Friday
Benchmark aluminium price on London Metal Exchange opened lower at US$ 1755.5 per tonne on Monday, January 27. That was down 1.13% from Friday’s close of US$ 1775.5 per tonne.
As on Monday January 27, LME aluminium cash (bid) price stands at US$ 1755 per tonne, LME official settlement price stands at US$ 1755.5 per tonne; 3-months bid price stands at US$ 1764 per tonne, 3-months offer price is US$ 1765 per tonne; Dec 20 bid price stands at US$ 1895 per tonne, and Dec 20 offer price stands at US$ 1900 per tonne.
The LME aluminium opening stock dropped to 1248025 tonnes. Live Warrants totalled 732075 tonnes, and Cancelled Warrants were 515950 tonnes.
LME aluminium 3-months Asian Reference Price is hovering at US$ 1770.50 per tonne.
SHFE Aluminium Price Trend
Shanghai Futures Exchange is closed for Chinese New Year holiday and will reopen on Friday January 31st.
Primary aluminium production in North America and South America up by 4% and 1% MoM in December
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