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09 SEPTEMBER 2021 AL CIRCLE

LME aluminium price surged by US$34.5/t to reach at US$2775/t; SHFE price soared to US$3435/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Three-month LME aluminium opened at US$2,765 per tonne on Wednesday morning and ranged between US$2,758-2,810 per tonne before closing at US$2,791 per tonne, an increase of US$23 per tonne or 0.83 per cent. Trading volume was 18,734 lots, and open interest decreased by 5,410 lots to 646,000 lots.

LME aluminium price surged by US$34.5/t to reach at US$2775/t; SHFE price soared to US$3435/t

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On Wednesday, September 8, LME aluminium cash (bid) price and LME official settlement price jumped by US$34.50 per tonne to come in at US$2774.50 per tonne and US$2,775 per tonne, respectively. 3-months bid price and 3-months offer price surged by US$33 per tonne to stand at US$2,792 per tonne and US$2,793 per tonne. Dec 22 bid price stood at US$2,720 per tonne and Dec 22 offer price hovered around US$2,725 per tonne.

LME aluminium opening stock decreased from 1333625 tonnes to 1334225 tonnes. Live Warrants amounted to 854725 tonnes, while Cancelled Warrants totalled 479500 tonnes.

LME aluminium 3-months Asian Reference Price settled at US$ 2,787.86 per tonne as of September 8.

Outlook for the Indian Aluminium Industry

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE soared by US$64 per tonne to reach at US$3,435 per tonne.

The most-traded SHFE 2110 aluminium contract opened Wednesday’s night session at RMB 21,950 per tonne, and hit a high of RMB 22,240 per tonne before closing at RMB 22,170 per tonne, up 1.07 per cent. Open interest increased by 1,182 lots to 295,000 lots. 

Tagged with:

Price LME Aluminium

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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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