SHFE aluminium price decreases by US$22/t to US$3102/t; LME is closed for Christmas Holiday
The London Metal Exchange was closed on Monday, December 27, for the Christmas Holiday. On the last day of trading, which was on Friday, December 24, the three-month LME aluminium opened at US$2,845 per tonne and closed at US$2,820 per tonne, a decrease of US$28 per tonne or 0.98 per cent.
LME aluminium cash (bid) price and LME aluminium official settlement price rose by US$28.50 per tonne and US$30 per tonne, respectively, to come in at US$2,846 per tonne and US$ 2,848 per tonne. 3-month bid price and 3-month offer price for the same day stood at US$2,841 per tonne and US$2,841.50 per tonne.
SHFE Aluminium Price Trend
On Tuesday, December 28, the benchmark aluminium price for SHFE decreased for the third day in a row by US$22 per tonne to total at US$3,102 per tonne.
The most-traded SHFE aluminium contract is expected to move within a range of RMB 19,700-20,000 per tonne on Tuesday, December 28.
NALCO hikes its aluminium ingot price by over INR10,000/t to INR242,550-246,050/t w.e.f. December 24
Next articleChina Hongqiao to shift 1.93 million tonnes of aluminium smelting capacity to Yunnan province
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