LME aluminium price dwindles by US$50/t; SHFE price declines by US$22/t

On Monday, LME aluminium opened at US$2,344.5 per tonne, reached a high of US$2,365 per tonne and a low of US$2,326.5 per tonne before closing at US$2,362.5 per tonne, up US$21 per tonne, a 0.90 per cent increase.

The LME aluminium cash bid price and LME aluminium official settlement price dwindled by US$50.5 per tonne or 2.13 per cent and US$50 per tonne or 2.11 per cent to settle at US$2,317 per tonne and US$2,318 per tonne.

As per the LME price graph, both 3-month bid price and 3-month offer price contracted by US$55 per tonne or 2.30 per cent to dock at US$2,333 per tonne and US$2,333.50 per tonne.

December 25 bid price and December 25 offer price declined by US$49 per tonne to peg at US$2,448 per tonne and US$2,453 per tonne.

LME aluminium opening stock came in at 834850 tonnes. Live warrants and Cancelled warrants settled at US$350225 tonnes and 484625 tonnes.

LME aluminium 3-month Asian Reference Price slumped by US$40.45 per tonne or 1.69 per cent to halt at US$2,344.26 per tonne.

SHFE aluminium price

On Tuesday, September 10, the SHFE aluminium benchmark price has descended by US$22 per tonne or 0.81 per cent to settle at US$2,690 per tonne. Last night, the most-traded SHFE aluminium 2410 contract opened at RMB 19,190 per tonne, hitting a high of RMB 19,325 per tonne and a low of RMB 19,155 per tonne before closing at RMB 19,320 per tonne, up RMB 105 per tonne, a 0.55 per cent increase. 

Note: We are pleased to announce that the AL Circle website now includes CME (Futures) aluminium prices in addition to the previously available LME and SHFE aluminium prices. We invite you to explore this expanded offering in our price section for the most comprehensive and up-to-date aluminium pricing information.