The LME aluminium benchmark price has reflected an upswing movement through the week by US$107.50 per tonne, with only an intermittent downfall. Both LME aluminium cash bid price and LME aluminium official settlement price started the week with a rise of US$11.50 per tonne or 0.48 per cent to settle at US$2,387 per tonne and US$2,387.50 per tonne. The prices grew on Tuesday by 2.14 per tonne to US$2,438 per tonne and US$2,438.50 per tonne but decreased the next day by US$16.50 per tonne to rest at US$2,421.50 per tonne and US$2,422 per tonne, respectively. On Thursday, August 25, LME aluminium cash bid price and LME aluminium official settlement price experienced a rise of US$20.50 per tonne or 0.85 per cent to settle at US$2,441.50 per tonne and US$2,442.50 per tonne. On Friday, August 26, the prices closed the week at US$2,493 per tonne and US$2,495 per tonne, soaring by US$51.50 per tonne and US$52.50 per tonne, respectively.
3-month bid price and 3-month offer price stood at US$2,380 per tonne and US$2,380.50 per tonne on Monday, August 22, registering an increase of US$7 per tonne. On Tuesday, August 23, the prices witnessed an elevation of US$36 per tonne and US$36.50 per tonne, respectively, to come in at US$2,416 per tonne and US$2,417 per tonne. On Wednesday, August 24, both 3-month bid price and 3-month offer price dropped by US$3 per tonne to hover around US$2,413 per tonne and US$2,414 per tonne but rose the next day to reach US$2,426.50 per tonne and US$2,427.50 per tonne, respectively. On Friday, August 26, the prices recorded a surge of US$58 per tonne to rest US$2,484.50 per tonne and US$2,485.50 per tonne, respectively.
December 23 bid price and December 23 offer price accumulated US$100 per tonne through the week to settle at US$2,525 per tonne and US$2,530 per tonne.
LME aluminium opening stock improved this week by 4,700 tonnes to settle at 278,025 tonnes at the end of the week.
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SHFE aluminium price
The benchmark aluminium price for SHFE has also reflected an overall growth this week but by a lesser value than LME. The price started the week with a hike at US$2,724 per tonne but declined to US$2,715 per tonne. On Wednesday, August 24, the price surged by US$35 per tonne, which further grew to US$2,759 per tonne. But on Friday, August 26, the price slipped by US$17 per tonne to settle at US$2,742 per tonne.
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