LME aluminium opened at US$2,953.5 per tonne on Tuesday and closed at US$2,983 per tonne, an increase of US$50 per tonne or 1.7%.
On Tuesday, January 11, LME aluminium cash (bid) price hiked by US$26 per tonne or by 0.88% to peg at US$2,948 per tonne. On the other hand, LME aluminium official settlement price also showed a surge of US$27 or by 0.92% to register at US$2,950 per tonne, for the same day. 3-month bid price and 3-month offer price clocked at US$2,960 per tonne and US$2,962 per tonne. December 22 bid price and December 22 offer totalled at US$2,727 per tonne and US$2,732 per tonne.
LME aluminium opening stock closed at 902850 tonnes. Live warrants and Cancelled warrants closed at 516425 tonnes and 386425 tonnes.
LME aluminium 3-month Asian Reference Price came in at US$2,958.62 per tonne.
SHFE Aluminium Price Trend
On Wednesday, January 12, the benchmark aluminium price for SHFE climbed up by US$28 per tonne to stand at US$3,404 per tonne.
The most-traded SHFE 2202 aluminium closed up 1.97% or RMB 415 per tonne to RMB 21495 per tonne, with open interest up 1729 lots to 192678 lots.
Overnight, the most-traded SHFE 2202 aluminium contract opened at RMB 21,550 per tonne, with the highest at RMB 21,790 per tonne before closing at RMB 21,770 per tonne, up RMB 380 per tonne or 1.78%.
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