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
04 NOVEMBER 2020 AL CIRCLE

LME aluminium price soared to $1891/t marking the third consecutive day of hike; SHFE plunged to $2226/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Three-month LME aluminium climbed 1.18 per cent to close at US$ 1,893 per tonne on Tuesday, November 3, with open interest rising to 742,000 lots. It is expected to trade between US$ 1,870-1,910 per tonne on November 4. 

LME aluminium price soared to $1891/t marking the third consecutive day of hike

{alcircleadd}

LME aluminium cash (bid) price and LME official settlement price increased for the third day in a row on Tuesday, November 3. The prices jumped significantly by US$ 56.50 per tonne from US$ 1,834.50 per tonne to US$ 1,891 per tonne. 3-months bid price and 3-months offer price also stood at US$ 1,891 per tonne on November 3, growing by US$ 51.50 per tonne from US$ 1,839.50 per tonne on November 2. Dec 21 bid price and Dec 21 offer price came in at US$ 1,926 per tonne, an increase of US$ 44 per tonne from US$ 1,882 per tonne.

The LME aluminium opening stock decreased from 1461025 tonnes to 1456075 tonnes. Live Warrants remained restrained at 1219725 tonnes, while Cancelled Warrants declined from 241300 tonnes to 236350 tonnes.

LME aluminium 3-months Asian Reference Price hovered at US$ 1869.36per tonne, as of November 3.

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE plunged to stand at US$ 2,226 per tonne on Wednesday, November 4, following consecutive hikes on October 30, November 2, and November 3 from US$ 2,158 per tonne to US$ 2,242 per tonne.

Global Bauxite Industry Insights

The most-liquid SHFE 2012 aluminium contract rose 0.65 per cent to end the day at RMB 14,760 per tonne, and is expected to maintain at high levels in the short term.

The most-liquid SHFE 2012 aluminium contract rose 0.47 per cent to settle at RMB 14,830 per tonne on Tuesday night, and is likely to trade between RMB 14,700-15,000 per tonne today. Fluctuations caused by macro changes will come under scrutiny.

Tagged with:

Price LME Aluminium

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.