Three-month LME aluminium lost 0.06% to US$1,785/t; SHFE aluminium fell 0.49%
Three-month LME aluminium settled 0.06% weaker at US$1,785 per tonne on Wednesday. Open interest added 5,151 lots to 804,000 lots.
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As of Wednesday August 12, LME aluminium cash (bid) price stands at US$ 1730 per tonne, LME official settlement price stands at US$ 1730 per tonne; 3-months bid price stands at US$ 1766 per tonne, 3-months offer price is US$ 1766 per tonne; Dec 21 bid price stands at US$ 1840.50per tonne, and Dec 21 offer price stands at US$ 1840.50per tonne.
The LME aluminium opening stock stood at 1621400 tonnes. Live Warrants totalled 1372025 tonnes, and Cancelled Warrants were 249375 tonnes.
LME aluminium 3-months Asian Reference Price is hovering at US$ 1760.53per tonne.
SHFE Aluminium Price Trend
Benchmark aluminium price for SHFE increased to stand at US$ 2091 per tonne on Thursday, 13 August 2020.
The most-liquid SHFE 2009 aluminium contract ended 0.49% weaker at RMB14,235 per tonne in choppy trading on Wednesday. Open interest lost 3,867 lots to 118,000 lots.
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The contract extended earlier gains to close 0.21% higher at RMB14,275 per tonne in overnight trading. It is expected to move between RMB14,150-14,450 per tonne today.
A00 aluminium ingot price slips to RMB 14450/t; Aluminium alloy stands at RMB 15050/t
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