Industry News

LME aluminium benchmark price closes the week with a drop of US$5/t; SHFE price moves down to US$2,613/t

Views : 88
Update time : 2023-10-17 15:40:55

On Friday, October 13, both LME aluminium cash bid price and LME aluminium official settlement price went down by US$4.5 per tonne or 0.20 per cent and US$5 per tonne or 0.20 per cent to settle at US$2,175.50 per tonne and US$2,176 per tonne.

LME aluminium 3-month bid price and 3-month offer price descended by US$6.5 per tonne or 0.29 per cent and US$7 per tonne or 0.31 per cent to peg at US$2,200.50 per tonne and US$2,201 per tonne.

December 24 bid price and December 24 offer price dropped by US$8 per tonne 0.34 per cent to halt at US$2,322 per tonne and US$2,327 per tonne. LME aluminium opening stock clocked at 488625 tonnes. Live warrants and Cancelled warrants settled at 193300 tonnes and 295325 tonnes.

LME aluminium 3-month Asian Reference Price increased by US$18.92 per tonne or 0.85 per cent to clock at US$2,200.11 per tonne.

Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices