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22 APRIL 2022 AL CIRCLE

LME on rise again closing at US$3262/t; SHFE falls for three straight days to US$3384/t

EDITED BY : MAYURAKSHI GANGULY 2MINS READ

LME aluminium opened at US$3,269 per tonne on Thursday and closed at US$3,302.5 per tonne, an increase of US$39.5 per tonne or 1.21 per cent.

LME on rise again closing at US$3262/t; SHFE falls for three straight days to US$3384/t

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On 21st April, LME aluminium cash bid price stood at US$3,261 per tonne and LME aluminium official settlement price halted at US$3,262. The former recorded a hike of 0.68 per cent or US$22 per tonne and the latter too had the same amount or percentage rise.

3-month bid price stood at US$3,275 cruising upwards by 0.83 per cent or US$27 and 3-month offer price came in at US$3,276 per tonne rising by US$26 per tonne or 0.8 per cent.  

On the same day, December 23 bid price settled at US$3,125 per tonne and December 23 offer price at US$3,130 per tonne. The bid price went up by 0.97 per cent or US$30 per tonne, the official price too had the same amount added with a similar percentage change.

LME aluminium opening stock continued to decrease from 592,175 tonnes to 589,725 tonnes or by 0.41 per cent as of 21st April. Live warrants totalled 369,550 tonnes recording 11,325 tonnes or 2.97 per cent less than the previous day whereas, Cancelled warrants read 220,175 tonnes after gaining 8,875 tonnes or 4.2 per cent.

The LME aluminium 3-month Asian Reference Price increased by 0.43 per cent or US$14.14 per tonne to stop at US$3,266.64 per tonne.

Global Aluminium Industry Key Trends

SHFE aluminium price 

Today, on 22nd April, the benchmark aluminium price for SHFE has fallen by US$18 per tonne or 0.53 per cent to stand at US$3,384 per tonne if compared with the data collected yesterday.

The most-traded SHFE 2206 aluminium contract opened at RMB 21,950 per tonne overnight and rose to RMB 21,955 per tonne before closing at RMB 21,940 per tonne, up RMB 165 per tonne or 0.76 per cent.

The most-traded SHFE 2206 aluminium closed down 0.11 per cent or RMB 25 per tonne to RMB 21,775 per tonne, with open interest up 15,647 lots to 182,639 lots.


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EDITED BY : MAYURAKSHI GANGULY 2MINS READ

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