LME aluminium price moves down by 0.48% to US$2,902/t; SHFE price increases by US$14
Three-month LME aluminium opened at US$2,943 per tonne last Friday and closed at US$2,959 per tonne, up 0.59 percent.
Both LME aluminium cash (bid) price and LME official settlement price reduced by US$14 or by 0.48 percent to settle at US$2,901.50 per tonne and US$2,902 per tonne. 3-month bid price and 3-month offer price closed at US$2,921.50 per tonne and US$2,922.50 per tonne. December 22 bid price settled at US$2,813 per tonne and the offer price stood at US$2,818 per tonne.
LME aluminium opening stock for October 8 settled at 1170800. Live warrants for the same day closed at 638425 and cancelled warrant stood at 532375.
LME aluminium 3-month Asian Reference Price for Friday, October 7 was recorded at 2930.89.
SHFE Aluminium Price Trend
Benchmark aluminium for SHFE surged up by US$14 per tonne to settle at US$3, 576 per tonne on Monday, October 11.
The most-traded SHFE 2111 aluminium contract opened at RMB 22,800 per tonne during last Friday’s night session and moved between RMB 22,750-23,220 per tonne before closing at RMB 23,080 per tonne, up RMB 325 per tonne, or 1.43 percent.
The Netherland’s only primary aluminium maker halting production from October 11 due to electricity prices
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