LME aluminium price moves down by US$4.5/t to US$2,102.5/t; SHFE price drops to US$2,525/t
LME aluminium opened at US$2,227.5 per tonne on Tuesday, with its low and high at US$2,201 per tonne and US$2,249 per tonne, respectively, before closing at US$2,247 per tonne, up US$19 per tonne or 0.58 per cent.
On Tuesday, July 4, both LME aluminium cash bid price and LME aluminium official settlement price went down by US$3 per tonne or 0.14 per cent and US$4.5 per tonne or 0.21 per cent to close at US$2,102 per tonne and US$2,102.50 per tonne.
The 3-month bid price and 3-month offer price, on the other hand, grew by US$9.5 per tonne or 0.44 per cent to halt at US$2,155.50 per tonne and US$2,156.50 per tonne.
December 24 bid price and December 24 offer price also went up by US$6 per tonne or 0.25 per cent to close at US$2,318 per tonne and US$2,323 per tonne.
LME aluminium opening stock came in at 544400 tonnes. Live warrants and Cancelled warrants settled at 271925 tonnes and 272475 tonnes.
LME aluminium 3-month Asian Reference Price inched down by US$0.02 per tonne to clock at US$2,165.61 per tonne.
SHFE aluminium price
On Wednesday, July 5, the SHFE aluminium price dropped by US$16 per tonne or 0.06 per cent to peg at US$2,525 per tonne.
The most-traded SHFE 2308 aluminium contract opened at RMB 17,975 per tonne overnight and closed at RMB 17,995 per tonne, down RMB 45 per tonne or 0.25 per cent.
Chairman of Alba pays a visit to the facilities of Mitsubishi Heavy Industries in Japan
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