LME aluminium price hikes by US$38.5/t to US$2,430.50/t; SHFE price moves down by US$19/t
LME aluminium opened at US$2,455 per tonne on Tuesday and closed at US$2,459 per tonne, a decrease of US$3 per tonne or 0.12 per cent.
On Tuesday, February 22, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$40 per tonne or 1.67 per cent and US$38.5 per tonne or 1.60 per cent to stand at US$2,430 per tonne and US$2,430.50 per tonne.
3-month bid price and 3-month offer price surged by US$42 per tonne or 1.72 per cent to stand at US$2,470 per tonne and US$2,472 per tonne.
December 24 bid price and December 24 offer price expanded by US$37 per tonne or 1.42 per cent to halt at US$2,635 per tonne and US$2,640 per tonne.
LME aluminium opening stock halted at 581300 tonnes. Live warrants and Cancelled warrants closed at 451725 tonnes and 129575 tonnes.
LME aluminium 3-month Asian Reference Price increased by US$20.65 per tonne or 0.85 per cent, to settle at US$2,448.96 per tonne.
SHFE aluminium price
On Wednesday, February 22, the SHFE aluminium benchmark price has descended by US$19 per tonne or 0.69 per cent to close at US$2,719 per tonne.
The most-traded SHFE 2303 aluminium contract opened at RMB 18,830 per tonne overnight before closing at RMB 18,775 per tonne, a drop of RMB 45 per tonne or 0.24 per cent.
Yunnan province orders aluminium smelters to cut production again
Next articleAluminium production cut in Yunnan begins sending domestic metal prices range-bound: SMM
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