LME aluminium price plunges by US$79.5/t to US$2,500.50/t; SHFE price slumps by US$62/t
LME aluminium opened at US$2,619 per tonne on Thursday and closed at US$2,521.5 per tonne, down US$93.5 per tonne or 3.58 per cent.
On Thursday, June 16, both LME aluminium cash bid price and LME aluminium official settlement declined by US$79 per tonne or 3.06 per cent and US$79.5 per tonne or 3.08 per cent to settle at US$2,500 per tonne and US$2,500.50 per tonne.
3-month bid price and 3-month offer price plunged by US$70 per tonne or 2.69 per cent and US$69.5 per tonne or 2.67 per cent to close at US$2,524 per tonne and US$2,525 per tonne. December 23 bid price and December 23 offer price also went down by US$62 per tonne to halt at US$2,518 per tonne and US$2,523 per tonne.
LME aluminium opening stock stopped at 411575 tonnes. Live warrants and Cancelled warrants recorded at 172000 tonnes and 239575 tonnes.
3-month Asian Reference Price inclined downwards by US$29.32 per tonne or 1.13 percent to stop at US$2,608.96 per tonne.
SHFE aluminium price
On Friday, June 17, the benchmark aluminium price for SHFE has trended downwards by US$62 per tonne or 2.06 per cent to peg at US$2,947 per tonne.
The most-traded SHFE 2207 aluminium closed up 0.45 per cent or RMB 90 per tonne to RMB 20,005 per tonne, with open interest down 10,519 lots to 155,126 lots.
The most-traded SHFE 2207 aluminium contract opened at RMB 19,820 per tonne overnight and closed at RMB 19,660 per tonne, down RMB 395 per tonne or 1.97 per cent.
Grow with
AL Circle
