On November 22, the LME aluminium live price chart experienced mixed price trends, with the LME aluminium cash bid price and the LME aluminium official price shedding US$7 per tonne or 0.32 per cent to officially close at US$2,194 per tonne and US$2,194.50 per tonne.
When the LME aluminium price on November 22, last year, is taken into account, we can find a Year-on-Year degradation of US$199.50 per tonne or 8.33 per cent from US$2,394 per tonne recorded that day.
London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price slumped by US$2.50 per tonne or 0.11 per cent to arrive at US$2,236.50 per tonne and US$2,237.50 per tonne, respectively.
The December 24 bid price and the December 24 offer price have gained US$2 per tonne or 0.08 per cent, registering a rate of US$2,350 per tonne and US$2,355 per tonne.
LME aluminium opening stock witnessed a plunge of 2,775 tonnes or 0.58 per cent, arriving at 479,650 tonnes. Live warrants stood at 201,525 tonnes, with a major downfall of 12,000 tonnes or 5.6 per cent. Cancelled warrants halted at 278,125 tonnes, plummeting by 14,775 tonnes or 5.6 per cent.
LME aluminium 3-month Asian Reference Price stopped at US$2,242.03 per tonne, down US$5.47 per tonne or 0.24 per cent.
SHFE aluminium price
On November 23, today, the Shanghai Futures Exchange (SHFE) aluminium price chart flashed a drop of US$21 per tonne or 0.79 per cent, with the official SHFE price halting at US$2,633 per tonne. If the SHFE aluminium price on November 23, last year, is considered, we can calculate a Year-on-Year fall of only US$12 per tonne or 0.45 per cent, which suggests stagnancy.
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