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16 MARCH 2021 AL CIRCLE

LME aluminium price expanded by US$45.50/t to stand at US$2184.50/t; SHFE price rose further to US$2746/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Three-month LME aluminium rose 2.23% to close at US$ 2,220 per tonne on Monday. According to the SMM import profit and loss calculation model, the import profit stood at about RMB 460 per tonne at present, and the import window opened. The inflow of overseas primary aluminium will be monitored. It is expected to trade between US$ 2,180-2,280 per tonne today.

LME aluminium price expanded by US$45.50/t to stand at US$2184.50/t; SHFE price rose further to US$2746/t

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LME aluminium cash (bid) price and LME official settlement price climbed by US$ 45.50 per tonne or 2.13 per cent on Monday, March 15, to stand at US$ 2184.50 per tonne, following an intermittent decline on Friday from US$ 2159 per tonne to US$ 2139 per tonne. 3-months bid price and 3-months offer price stood at US$ 2210.50 per tonne, up by US$ 44.50 per tonne from US$ 2166 per tonne on March 12. Dec 22 bid price and Dec 22 offer price increased from US$ 2203 per tonne on March 12 to US$ 2247.50 per tonne on March 15.

The LME aluminium opening stock continued decreased from 1923025 tonnes on Friday to 1916725 tonnes on Monday. Live Warrants totalled 1668875 tonnes, while Cancelled Warrants stood at 247850 tonnes.

LME aluminium 3-months Asian Reference Price came in at US$ 2193.50 per tonne as of March 15.

AlCircleBiz

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE rose for the fourth day in a row to stand at US$ 2746 per tonne on Tuesday, March 16.

The most-liquid SHFE 2105 aluminium contract rose 2.14 per cent to settle at RMB 17,865 per tonne on Monday night, and is likely to trade between RMB 17,600-18,050 per tonne today. Yesterday, the domestic secondary aluminium inventories increased slightly by 10,000 tonnes to 1.238 million tonnes, and the growth rate of aluminium ingot inventories narrowed further.

Tagged with:

Price LME Aluminium

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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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