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20 AUGUST 2021 AL CIRCLE

LME aluminium price plunged by US$45.50/t to close at US$2544/t; SHFE price settled lower at US$3071/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Three-month LME aluminium edged down by 0.74 per cent to settle at US$ 2,544 per tonne on Thursday, August 19.

LME aluminium price plunged by US$45.50/t to close at US$2544/t

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LME aluminium cash (bid) price and LME official settlement price continued to decrease for the third day in a row by US$ 45.50 per tonne or 1.76 per cent to come in at US$ 2,544 per tonne on Thursday, August 19. 3-months bid price and 3-months offer price shrank by US$ 39.50 per tonne from US$ 2,571.50 per tonne to US$ 2,532 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,503.50 per tonne, down by US$ 37 per tonne from US$ 2,540.50 per tonne on August 18.

LME aluminium opening stock declined from 1315125 tonnes to 1309700 tonnes. Live Warrants stood at 846400 tonnes, while Cancelled Warrants totalled 463300 tonnes.

LME aluminium 3-months Asian Reference Price settled at US$ 2,546.68 per tonne as of August 19.

Outlook for the Indian Aluminium Industry

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE decreased by US$ 9 per tonne to close the week on Friday, August 20, at US$ 3,071 per tonne.

The most-traded SHFE aluminium contract closed down 1.68 per cent to RMB 19,955 per tonne.

The most liquid SHFE 2109 aluminium contract decreased 0.77 per cent to end at RMB 19,875 per tonne last night.

Tagged with:

Price LME

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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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