
Three-month LME aluminium inched up 0.04 per cent to end at US$ 2,597.50 per tonne on Friday, with open interest increasing 5,575 lots to 676,000 lots, and is expected to trade between US$ 2,570-2,620 per tonne today.

LME aluminium cash (bid) price and LME official settlement price soared by US$ 67.50 per tonne to stand at US$ 2,624 per tonne on Friday, July 30. 3-months bid price and 3-months offer price increased from US$ 2,545.50 per tonne to US$ 2,619 per tonne. Dec 22 bid price and Dec 22 offer price climbed by USS$ 60.50 per tonne to US$ 2,571.50 per tonne.
LME aluminium opening stock decreased from 1395225 tonnes1387800 tonnes. Live Warrants still remained restrained at 831825 tonnes, while Cancelled Warrants totalled 555975 tonnes.
LME aluminium 3-months Asian Reference Price hovered around US$ 2,603.47 per tonne as of July 30.
SHFE Aluminium Price Trend
Benchmark aluminium price for SHFE inched down by US$ 4 per tonne to close at US$ 3,073 per tonne as of Monday, August 2.
The most-traded SHFE 2109 aluminium closed up 2.06 per cent to RMB 20085 per tonne, with open interest up 28700 lots to 289000 lots.
The most-active SHFE 2109 aluminium contract decreased 0.03 per cent to end at RMB 19,900 per tonne last Friday night, with open interest down 9,706 lots to 279,000 lots, and is expected to trade between RMB 19,800-20,200 per tonne today.
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