
Three-month LME aluminium opened at US$2,835 per tonne on Wednesday morning and closed at US$2,665.50 per tonne, down US$166.50 per tonne or 5.88 per cent.

LME aluminium cash (bid) price and LME aluminium official settlement price have recorded a sharp fall of US$127 per tonne to stand at US$2,703.50 per tonne and US$2,704 per tonne, respectively, on Wednesday, October 27. 3-month bid price and 3-month offer price moved down to US$2,724.50 per tonne and US$2,725 per tonne. December 22 bid price and December 22 offer price hovered around US$2,673 per tonne and US$2,678 per tonne.
LME aluminium opening stock on October 27 stood lower at1055300 tonnes. Live warrants remained restrained at 621150 tonnes, while cancelled warrants decreased to 434150 tonnes.
LME aluminium 3-month Asian Reference Price for Wednesday, October 27, came in at US$2,755.40 per tonne.
SHFE Aluminium Price Trend
On Thursday, October 28, the benchmark aluminium price for SHFE plunged by US$184 per tonne to come in at US$3,060 per tonne.
The most-traded SHFE 2112 aluminium closed down 4.62 per cent or RMB 975 per tonne to RMB 20,135 per tonne, with open interest up 11673 lots to 220904 lots.
Overnight, the most-traded SHFE 2112 aluminium contract opened at RMB 20,000 per tonne, with the lowest price at RMB 19,355 per tonne before closing at RMB 19,465 per tonne, down RMB 670 per tonne or 3.33 per cent.
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