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05 DECEMBER 2020 AL CIRCLE

LME aluminium price hiked by $13/t this week to settle at $2027.50/t; SHFE closed range-bound at $2510/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Benchmark aluminium price on the London Metal Exchange recorded a hike of 99 per cent during November 30-December 4.

LME aluminium cash (bid) price and LME official settlement price started the week on Monday, November 30, at US$ 2014.50 per tonne, soaring by US$ 39.50 per tonne from US$ 1975 per tonne on November 27. On Tuesday, December 1, the prices stood higher at US$ 2045.50 per tonne, which grew further to US$ 2051.50 per tonne on Wednesday, December 2. On Thursday, December 3, both LME aluminium cash (bid) price and LME official settlement price slipped $23.50 per tonne to peg at $2028 per tonne; however, stood almost flat at US$ 2027.50 per tonne to end the week on December 4.

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LME aluminium price hiked by $13/t this week to settle at $2027.50/t; SHFE closed range-bound at $2510/t

3-months bid price and 3-months offer price stood at US$ 2022.50 per tonne on Monday and grew on Tuesday, December 1, by US$ 30 per tonne to settle at US$ 2052.50 per tonne. On Wednesday, the prices extended growth, although slower, by US$ 9.5 per tonne to come in at US 2062 per tonne. On Thursday, the prices decreased to US$ 2039.50 per tonne and remained almost flat on Friday, December 4, at US$ 2040 per tonne.

 Dec 21 bid price and Dec 21 offer price also trended up through the week from US$ 2042.50 per tonne to US$ 2064.50 per tonne. Only on Thursday, December 3, the prices declined from US$ 2076.50 per tonne to US$ 2059 per tonne but rebounded on Friday, December 4, to US$ 2064.50 per tonne.

The LME aluminium opening stock decreased from 1374025 tonnes on Monday, November 30, to 1353350 tonnes on Friday, December 4.

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SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE settled range-bound this week between US$ 2500 per tonne on November 30 and US$ 2510 per tonne on December 4. On Tuesday, December 1, the SHFE aluminium price stood at US$ 2555 per tonne and grew on Wednesday to US$ 2591 per tonne. On Thursday, December 3, the price declined to again US$ 2555 per tonne and further to US$ 2510 per tonne on Friday, December 4.

Tagged with:

Price LME

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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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