LME aluminium opened at US$2,504 per tonne last Friday and closed at US$2,455 per tonne, a decrease of US$52 per tonne or 2.07 per cent. The LME aluminium price has been on a constant decline since the beginning of February with the first signs of upward inclination shown last Friday.
On February 10, Friday, the LME aluminium cash bid price spiked by US$10 per tonne or 0.41 per cent to close at US$2,434 per tonne and the LME aluminium official settlement price gained US$10.50 per tonne or 0.43 per cent to stop at US$2,435 per tonne.
The 3-month bid price remained hung at US$2,465 per tonne, with no notable price loss and the 3-month offer price went down by US$1 per tonne or 0.04 per cent, officially closing at US$2,466 per tonne.
December 24 bid price and December 24 offer price have halted at US$2,635 per tonne and US$2,640 per tonne on Friday, with a similar price plunge of US$3 per tonne or 0.11 per cent.
LME aluminium opening stock suffered an inventory loss of 3,625 tonnes or 0.74 per cent to settle at 486,925 tonnes from 490,550 tonnes recorded the day before.
Live warrants totalled 329,300 tonnes, refraining from any change. Cancelled warrants read 157,625 tonnes, with 3,625 tonnes or 2.25 per cent sliding down the graph.
The 3-month Asian Reference Price came in at US$2,479.50 per tonne after shedding US$5.88 per tonne or 0.24 per cent.
SHFE aluminium price
On February 13, today, the SHFE aluminium benchmark price has stopped at US$2,704 per tonne, experiencing a decrease of US$52 per tonne or 1.89 per cent.
The most-traded SHFE 2303 aluminium contract opened at RMB 18,575 per tonne at last Friday’s night session before closing at RMB 18,515 per tonne, a drop of RMB 225 per tonne or 1.2 per cent.
The most-traded SHFE 2303 aluminium closed down 1.66 per cent or RMB 315 per tonne at RMB 18,630 per tonne, with open interest down 10,132 lots to 174,921 lots.
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