LME aluminium price gains US$36.5/t to US$2,485/t; SHFE price slips by US$35/t

LME aluminium opened at US$2,565 per tonne on Monday and fell to US$2,510 per tonne before closing at US$2,507 per tonne, down US$49 per tonne or 1.92 per cent.

On Monday, December 5, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$36.5 per tonne or 1.49 per cent to settle at US$2,484.50 per tonne and US$2,485 per tonne.

3-month bid price and 3-month offer price settled at US$2,515 per tonne and US$2,517 per tonne after recording a growth of US$38 per tonne or 1.53 per cent.

December 23 bid price and December 23 offer price gained US$37 per tonne or 1.45 per cent to clock at US$2,577 per tonne and US$2,582 per tonne.

LME aluminium opening stock scored at 495550 tonnes. Live warrants and Cancelled warrants came in at 226350 tonnes and 269200 tonnes.

LME aluminium 3-month Asian Reference Price shot up by US$63.07 per tonne or 2.52 per cent to reside at US$2,563.57 per tonne.

SHFE aluminium price 

On Tuesday, December 6, the SHFE benchmark aluminium price lost US$35 per tonne or 1.25 per cent to stop at US$2,764 per tonne.

The most-traded SHFE 2301 aluminium closed up 0.73 per cent or RMB 140 per tonne at RMB 19,320 per tonne, with open interest up 668 lots to 227,521 lots.

The most-traded SHFE 2301 aluminium contract opened at RMB 19,200 per tonne overnight and rose to RMB 19,335 per tonne before closing at RMB 19,240 per tonne, down RMB 30 per tonne or 0.16 per cent.