LME aluminium price hikes by US$9.5/t to close at US$2,815.50/t; SHFE price surges by US$8/t

LME aluminium opened at US$2,820 per tonne on Monday and closed at US$2,832.5 per tonne, an increase of US$19.5 per tonne or 0.69%.

On Tuesday, January 4, LME aluminium cash (bid) price hiked by US$9.5 per tonne or by 0.33% to settle at US$2,815 per tonne. On the other hand, LME aluminium official settlement price also surged by US$9.5 per tonne or by 0.33% to close at US$2,815.50 per tonne. 3-month bid price and 3-month offer price for the same day was recorded at US$2,822 per tonne and US$2,823 per tonne, respectively. December 22 bid price and December 22 offer price clocked at US$2,590 per tonne and US$2,595 per tonne, for the same day.

LME aluminium opening stock pegged at 934375 tonnes. Live warrants and Cancelled warrants for the same day registered at 649625 tonnes and 284750 tonnes.

LME aluminium 3-month Asian Reference Price clocked at US$2,793.50 per tonne.

SHFE Aluminium Price Trend

On Wednesday, January 5, the benchmark aluminium price for SHFE increased by US$8 per tonne or by 0.25% to close at US$3,183 per tonne.

The most-traded SHFE 2202 aluminium closed down 1.03% or RMB 110 per tonne to RMB 20210 per tonne, with open interest down 7291 lots to 200494 lots.

Overnight, the most-traded SHFE 2202 aluminium contract opened at RMB 20,300 per tonne, with the highest and lowest prices at RMB 20,430 per tonne and RMB 20,120 per tonne before closing at RMB 20,300 per tonne, up RMB 90 per tonne or 0.45%.