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
17 FEBRUARY 2020 AL CIRCLE

Three-month LME aluminium lost 1.19% on Friday; SHFE aluminium fell for three consecutive days

EDITED BY : HEENA IQBAL 2MINS READ

Concerns about the extent of the coronavirus (COVID-19) in China supported the US dollar and the safe-haven yen. The US dollar index, which measures the currency against a basket of rivals, rose to its strongest since October. LME base metals fell across the board last Friday night. LME aluminium lost 1.9%. 

Three-month LME aluminium was down 1.19% to end at US$1,720 per tonne. The decline was capped on the back of falling inventories of aluminium stocks. The contract is likely to trade between US$1,720-1,760 per tonne.

{alcircleadd}

aluminium

As on Friday February 14, LME aluminium cash (bid) price stands at US$ 1704 per tonne, LME official settlement price stands at US$ 1704.5 per tonne; 3-months bid price stands at US$ 1733 per tonne, 3-months offer price is US$ 1734 per tonne; Dec 21 bid price stands at US$ 1863 per tonne, and Dec 21 offer price stands at US$ 1868 per tonne.

The LME aluminium opening stock stood at 1206450 tonnes. Live Warrants totalled 824150 tonnes, and Cancelled Warrants were 382300 tonnes.

LME aluminium 3-months Asian Reference Price is hovering at US$ 1740.17 tonne.

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE decreased to US$1947 per tonne on Monday, 17 February 2020.

aluminium

The SHFE 2004 contract erased earlier gains to an intraday low of RMB13,695 per tonne in morning trade, before it clawed back some losses to end the day fractionally lower at RMB13,720 per tonne, according to an SMM. The contract is likely to move within a range of RMB13,600-13,800 per tonne.

Tagged with:

Aluminium Price LME

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : HEENA IQBAL 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.