LME aluminum opened at US$2,222.50 per tonne on Monday, with its low and high at US$2,203 per tonne and $2,235 per tonne, respectively, before closing at US$2,230 per tonne, up US$9 per tonne or 0.41 per cent.
On Monday, November 13, the LME aluminium cash bid price and LME aluminium official settlement price started the week at US$2,220 per tonne and US$2,220.50 per tonne, respectively, flaunting a rise of US$15 per tonne or 0.68 per cent from US$2,205 per tonne and US$2,205.50 per tonne on November 10.
The 3-month bid price and 3-month offer price amounted to US$2,222 per tonne and US$2,224 per tonne on November 13. December-24 bid price and December-24 offer price settled at US$2,340 per tonne and US$2,345 per tonne, respectively.
The LME aluminium opening stock totalled 479,650 tonnes. Live Warrants and Cancelled Warrants stood at 204,700 tonnes and 274,950 tonnes, respectively.
LME aluminium 3-month Asian Reference Price closed at US$2,216 per tonne.
SHFE aluminium price
On Tuesday, November 14, the SHFE aluminium benchmark price grew slightly by US$4 per tonne to stand at US$2,597 per tonne, following a sharp downfall of US$39 per tonne to US$2,593 per tonne on November 13.
The most-traded SHFE 2312 aluminum contract opened at RMB 18,960 per tonne overnight, with its low and high at RMB 18,890 per tonne and RMB 18,960 per tonne before closing at RMB 18,940 per tonne, up RMB 60 per tonne or 0.32 per cent.
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