LME benchmark aluminium price soars by 0.34%; SHFE aluminium market stays closed for CNY Holidays
On February 12, the LME aluminium cash bid price and LME aluminium official price halted at US$2,187 per tonne and US$2,188 per tonne, with a uniform surplus of US$7.50 per tonne or 0.34 per cent.
The 3-month bid price stood at US$2,214 per tonne, gaining US$2 per tonne or 0.09 per cent, while the 3-month official price stopped at US$2,216 per tonne, up US$3 per tonne or 0.13 per cent.
The 25 December bid price registered a rate of US$2,440 per tonne, and the 25 December offer price stood at US$2,445 per tonne, adding US$2 per tonne or 0.08 per cent.
On Monday, the Opening Stock parked at 525,250 tonnes, while LME Live Stock registered 325,600 tonnes, and Cancelled Warrants reached 199,650 tonnes.
The Asian Reference price halted at US$2,207.35 per tonne, negating US$6.47 per tonne or 0.29 per cent.
The SHFE aluminium market is momentarily closed for the Chinese New Year Holidays. The last recorded price stood at US$2,636 per tonne on February 8.
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