Three-month aluminium rose 1.2% to close at US$2,449.5/t; SHFE aluminium declined 1.08%
Three-month aluminium inched up 1.2% to close at US$2,449.5 per tonne on Tuesday, 08 June 2021, with open interest losing 2,670 lots to 721,000 lots. SMM expects the contract to trade between US$2,400-2,500 per tonne today as US dollar rebounded slightly.
As of Tuesday, June 8, LME aluminium cash (bid) price stands at US$ 2439 per tonne, LME official settlement price stands at US$ 2439 per tonne; 3-months bid price stands at US$ 2438 per tonne, 3-months offer price is US$ 2438 per tonne; Dec 22 bid price stands at US$ 2436.50 per tonne, and Dec 22 offer price stands at US$ 2436.50 per tonne.
The LME aluminium opening stock stood at 1653175 tonnes. Live Warrants totalled 1063850 tonnes, and Cancelled Warrants were 589325 tonnes.
LME aluminium 3-months Asian Reference Price is hovering at US$ 2415.93 per tonne.
SHFE Aluminium Price Trend
Benchmark aluminium price for SHFE decreased to stand at US$ 2877 per tonne on Wednesday, 09 June 2021.
The most-liquid SHFE 2107 aluminium contract finished the day 1.08% lower at RMB18,260 per tonne on Tuesday. The contract settled 0.46% higher at RMB18,460 per tonne in the overnight trading, with open interest decreasing 2,710 lots to 190,000 lots.
Vedanta Aluminium announces the launch of its maiden Sustainable Development Report
Next articleFIVES’ AMELIOS SUITE is part of the #1000solutions to change the world
Grow with
AL Circle
