LME benchmark aluminium price delves 1.26% lower to US$2157/t; SHFE is closed for China’s Dragon Boat Festival
On June 21, Wednesday, the LME aluminium cash bid price and the LME aluminium official settlement price closed at US$2,156.50 per tonne and US$2,157 per tonne, moving down the aluminium price graph by US$27.50 per tonne or 1.26 per cent.
The 3-month bid price shed US$22.50 per tonne or 1.01 per cent to rest at US$2,204.50 per tonne and the 3-month offer price also dropped by US$24 per tonne or 1.07 per cent, officially stopping at US$2,205 per tonne.
December 24 bid price and December 24 offer price descended by US$20 per tonne or 0.84 per cent each to arrive at US$2,358 per tonne and US$2,363 per tonne, respectively.
LME aluminium opening stock plummeted by 0.85 per cent or 4,750 tonnes, officially closing at 550,925 tonnes from 555,675 tonnes recorded the previous day.
Live warrants read 303,250 tonnes, with a plunge of 2,025 tonne or 0.66 per cent. Cancelled warrants halted at 247,675 tonnes with 2,725 tonnes or 1.09 per cent decrease.
The 3-month Asian Reference Price closed at US$2,220.42 per tonne, diving by US$24.41 per tonne or 1.09 per cent.
SHFE aluminium price
Today, on June 22, SHFE aluminium market is closed due to the auspicious Dragon Boat Festival and it will resume on June 26, Monday.
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