LME levitates by US$97.50/t closing at US$2261.50/t; SHFE remains closed for National Day

On October 4, Tuesday LME aluminium cash bid price has escalated by US$98 per tonne or 4.53 per cent to settle at US$2,261 per tonne, and LME aluminium official settlement price also has hiked by US$97.50 per tonne or 4.5 per cent to rest at US$2,261.50 per tonne.   

3-month bid price has skyrocketed by 4.7 per cent or US$102 per tonne to stand at US$2,270 per tonne, while the 3-month offer price has witnessed a US$103 per tonne or 4.75 per cent spike, closing at US$2,272 per tonne. 

December 23 bid price and December 23 offer price both has augmented by 4.3 per cent or US$98 per tonne, stopping at US$2,368 per tonne and US$2,373 per tonne, respectively.

LME aluminium opening stock continued to decline by 0.44 per cent or 1,450 tonnes, from 330,050 tonnes to 328,600 tonnes as of October 4.

Live warrants totalled 261,125 tonnes, suffering a loss of 0.07 per cent or 175 tonnes. 

Cancelled warrants read 67,475 tonnes, dropping 1.85 per cent or 1,275 tonnes from the previous day.

LME aluminium 3-month Asian Reference Price came in at US$2,271.55 per tonne after 5.87 per cent or US$125.87 per tonne, got added to it.

SHFE aluminium price 

Today, on October 5, the SHFE benchmark aluminium price has not altered due to the National Holidays Celebration.