SHFE aluminium price sheds US$33/t to US$2412/t after falling across the board in overnight trading
Shanghai base metals fell across the board in overnight trading, with aluminium decreased 0.95 per cent. The London Metal Exchange continued to remain close on Monday, December 28, for the Christmas holiday.
As of Thursday, December 24, LME aluminium cash (bid) price and LME official settlement price stood US$ 23 per tonne higher than the previous day at US$ 2022 per tonne. 3-months bid price and 3-months offer price hovered at US$2025.50 per tonne, up by US$ 17 per tonne from US$ 2008.50 per tonne on December 23. Dec 21 bid price and Dec 21 offer price came in at US$ 2050.50 per tonne.
The LME aluminium opening stock inched down from 1378100 tonnes to 1372350 tonnes on Thursday, December 24. Live Warrants stood at 1190225 tonnes, while Cancelled Warrants at 182125 tonnes.
LME aluminium 3-months Asian Reference Price hovered at US$ 2019.67 per tonne.
_0_0.jpg)
SHFE Aluminium Price Trend
Benchmark aluminium price for SHFE extended decline for the second day in a row by US$ 33 per tonne to stand at US$ 2,412 per tonne on Tuesday, December 29, 2020.
The most-liquid SHFE 2102 aluminium contract finished the day 2.26 per cent lower at RMB 15,565 per tonne. Open interest increased 5,813 lots to 117,590 lots.
REEL International inks an agreement to acquire Metso Outotec’s Aluminium business
Next articleRusal joins Japan Climate Leaders’ Partnership (JCLP) to advance low-carbon aluminium goals
Grow with
AL Circle
