Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
20 JANUARY 2021 AL CIRCLE

LME aluminium price settles further lower at US$1951.50/t amid increasing opening stock; SHFE price down to US$2271/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Three-month LME aluminium climbed 0.15 per tonne to close at US$ 1,973 per tonne on Tuesday, with open interest falling to 742,000 lots. The impact of LME aluminium inventory changes on prices should continue to be monitored. It is expected to trade between US$ 1,900-2,010 per tonne today. 

LME aluminium price settles further lower at US$1951.50/t amid increasing opening stock

{alcircleadd}

As of Tuesday, January 19, LME aluminium cash (bid) price and LME official settlement price plunged by US$ 28 per tonne to stand at US$ 1951.50 per tonne, marking the third consecutive day of decline. 3-months bid price and 3-months offer price stood at US$ 1958 per tonne, down by US$ 26 per tonne from US$ 1984 per tonne on January 18. Dec 21 bid price and Dec 21 offer price hovered around US$ 2038 per tonne.

The LME aluminium opening stock increased further from 1397075 tonnes to 1414675 tonnes. Live Warrants totalled 1325225 tonnes, while Cancelled Warrants stood at 89450 tonnes.

LME aluminium 3-months Asian Reference Price came in at US$ 1962.96 per tonne.

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE decreased for the second day in a row to stand at US$ 2271 per tonne on Wednesday, January 20, 2021.

Aluminium Industry Recap: 2020

The most-traded SHFE 2103 aluminium contract ended the day 1.24 per cent lower at RMB 14,745 per tonne. Weekly inventories of aluminium ingots are likely to continue to build up as consumption weakens before the Chinese New Year holiday.

The most-liquid SHFE 2013 aluminium contract fell 0.78 per cent to settle at RMB 14,710 pert tonne on Tuesday night, and is likely to trade between RMB 14,600-14,950 per tonne today. The impact of inventory changes on market sentiment and contract structure should continue to be monitored. Spot premiums for the contract will be seen higher at RMB 40-80 per tonne.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.