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
15 APRIL 2020 AL CIRCLE

Three-month LME aluminium rebounded at $1515/tonne; SHFE aluminium grew to RMB1681/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

The US dollar declined on Tuesday as risk appetite returned to the market after the better-than-expected economic data from China dispelled some concerns about the coronavirus impact on the world’s second-largest economy. The dollar index, which tracks the greenback against a basket of other currencies, eased 0.63% and ended at 98.875. 

Three-month LME aluminium rebounded after the decline, closing up 2.09 per cent higher on the day at US$ 1,515 per tonne with short covering their positions. The most-traded SHFE contract has increased to a more than three-week high, with the trading range expected between RMB 11,600 per tonne and RMB 11,850 per tonne today. 

{alcircleadd}

Three-month LME aluminium rebounded at $1,515/tonne

As of Tuesday, April 14, both LME aluminium cash (bid) price and LME official settlement price stood at US$ 1456 per tonne, after rising from US$ 1428.50 per tonne on Thursday, April 9. 3-months bid price and 3-months offer price came in at US$ 1495 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1629.50 per tonne.

The LME aluminium opening stock stood at 1248000 tonnes, compared to 1239700 tonnes on Monday, April 13. Live Warrants totalled at 1117575 tonnes and Cancelled Warrants 130425 tonnes.

LME aluminium 3-months Asian Reference Price rose from US$ 1477.84 per tonne to US$ 1499.57per tonne.

SHFE Aluminium Price Trend

Industry 4.0 in Aluminium

Benchmark aluminium price for SHFE grew today, on April 15, from RMB 1670 per tonne to RMB 1681 per tonne.

The most-traded SHFE June contract also boomeranged, ending the day 0.1 per cent weaker at RMB 11,770 per tonne.

Tagged with:

Aluminium Price LME China

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.