LME aluminium benchmark price closes the week with a drop of US$6.5/t; SHFE price declines by US$43/t

As per the LME price graph, 3-month bid price and 3-month offer price also slumped by US$7 per tonne or 0.28 per cent and US$6.5 per tonne or 0.26 per cent to dock at US$2,483 per tonne and US$2,484 per tonne.

December 25 bid price and December 25 offer price also slipped by US$5 per tonne or 0.18 per cent to settle at US$2,643 per tonne and US$2,648 per tonne. LME aluminium opening stock came in at 976725 tonnes.

Live warrants and Cancelled warrants stood at 445975 tonnes and 530750 tonnes. LME aluminium 3-month Asian Reference Price declined byUS$17.09 per tonne or 0.68 per cent to settle at US$2,470.02 per tonne.