Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
12 AUGUST 2020 AL CIRCLE

Three-month LME aluminium closed firmer at $1786/t, SHFE continued to decline to $2066/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

The US dollar fell from one-week highs on Tuesday, August 11, as investors flocked to currencies that benefit from an improving global market outlook.

Three-month LME aluminium finished the day 0.17 per cent firmer at US$ 1,786 per tonne on Tuesday.

{alcircleadd}

Three-month LME aluminium closed firmer at $1786/t, SHFE continued to decline to $2066/t

As of Tuesday, August 11, both LME aluminium cash (bid) price and LME official settlement price increased by US$ 19.5 per tonne to stand at US$ 1749.5 per tonne, following a decline of US$ 14 per tonne on the previous day. 3-months bid price and 3-months offer price rebounded to US$ 1786 per tonne, while Dec 21 bid price and Dec 21 offer price came in at US$ 1860 per tonne.

The LME aluminium opening stock continued to decline from 1621400 tonnes to 1617175 tonnes. Live Warrants hovered at 1361200 tonnes, while Cancelled Warrants at 255975 tonnes.

LME aluminium 3-months Asian Reference Price stood at US$ 1777.12per tonne.

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE decreased for the fifth consecutive day to stand at US$ 2066 per tonne on Wednesday, August 12, 2020.

Global Aluminium Industry - Key Trends to 2030

The most-liquid SHFE 2009 aluminium contract ended 1.59 per cent weaker at RMB 14,220 per tonne today. Open interest lost 764 lots to 122,000 lots. The contract will test support from the 40-day moving average tonight.

The most-liquid SHFE 2009 aluminium contract declined 0.31 per cent to settle at RMB 14,260 per tonne in overnight trading. It is expected to move between RMB 14,150-14,550 per tonne, while spot premiums are seen slightly lower at RMB 50-70 per tonne.

Tagged with:

Aluminium Price LME

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.