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
27 NOVEMBER 2019 AL CIRCLE

Three-month LME aluminium rose 1.03% to end at US$1,760/t Tuesday night; SHFE trades in a tight range

EDITED BY : BEETHIKA BISWAS 2MINS READ

The US dollar held around one-week highs on Tuesday against a basket of other currencies, as investors digested mixed economic data and the latest development on US-China trade. LME base metals closed higher on Tuesday. Aluminium climbed 1%. The SHFE complex saw mixed performance overnight. Aluminium inched up 0.07%.

LME aluminium lost some gains over the day but picked up during night trading. Three-month LME aluminium rose 1.03% to end at its highest in more than a week at US$1,760 per tonne on Tuesday. LME aluminium stocks declined 550 tonne on the day, the first decrease in several days. LME aluminium is expected to move sideways between US$1,740-1,760 per tonne today.

{alcircleadd}

LME

As on November 26, Tuesday, LME aluminium cash (bid) price stood at US$ 1749.50 per tonne, LME official settlement price stands at US$ 1750.50 per tonne; 3-months bid price stands at US$ 1742 per tonne, 3-months offer price is US$ 1742.50 per tonne; Dec 20 bid price stands at US$ 1807 per tonne, and Dec 20 offer price stands at US$ 1812 per tonne.

The LME aluminium opening stock dropped slightly to 1229475 tonnes. Live Warrants totalled at 1049800 tonnes, and Cancelled Warrants were 179675 tonnes.

LME aluminium 3-months Asian Reference Price is hovering at US$ 1738 per tonne.

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE (Shanghai Future Exchange) remains unchanged at US$ 2005 per tonne today November 27, 2019.

Limited clarity around the development of fundamentals kept the most-active SHFE 2001 contract rangebound yesterday, which lost 0.58% on the day and finished at RMB13,755 per tonne. SHFE 2001 contract hovered to end 0.07% higher at RMB 13,775 per tonne overnight, as weakening fundamentals grew morale among shorts. SHFE aluminium is likely to trade between RMB 13,650-13,800 per tonne today, with spot premiums of RMB 100-140 per tonne over the SHFE 1912 contract.  

Tagged with:

Price Aluminium

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : BEETHIKA BISWAS 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.