Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
13 OCTOBER 2020 AL CIRCLE

LME aluminium price hiked for the third consecutive day to $1829.5/t amid rise in opening stock, SHFE slipped by $11/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Three-month LME aluminium rose 0.49 per cent to end at US$ 1,856 per tonne on Monday, October 12, and is likely to move between US$ 1,830-1,870 per tonne today.

LME aluminium price hiked for the third consecutive day to $1829.5/t

{alcircleadd}

Both LME aluminium cash (bid) price and LME official settlement price increased further for the third consecutive day from US$ 1805.50 per tonne to US$ 1829.50 per tonne, as of October 12. 3-months bid price and 3-months offer price stood at US$ 1847 per tonne, up by US$ 27 per tonne from US$ 1820 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1903 per tonne.

The LME aluminium opening stock increased from 1416325 tonnes to 1422475 tonnes. Live Warrants stood at 1126175 tonnes, while Cancelled Warrants at 296300 tonnes.

LME aluminium 3-months Asian Reference Price came in at US$ 1849.44 per tonne, as of October 12.

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE slipped by US$ 11 per tonne from US$ 2205 per tonne to US$ 2194 per tonne on Tuesday, October 13, 2020.

The most-liquid SHFE 2011 aluminium contract closed up 1.35 per cent at RMB 14,595 per tonne. Open interest rose from 8,921 lots to 116,000 lots. The increase of aluminium ingots stocks was less than expected during the holiday. As delivery was approaching, the spot premium lifted the nearby future prices. The changes of economic data and policies of various countries and the continuous inflow of funds will come under scrutiny.

The most-liquid SHFE 2011 aluminium contract strengthened 0.97 per cent to close at RMB 14,630 per tonne in overnight trading, and is expected to trade between RMB 14,300-14,700 per tonne today. 


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.