LME aluminium benchmark price closes the week with a hike of US$23.5/t; SHFE price loses US$7/t

LME aluminium 3-month bid price and 3-month offer price ascended by US$21 per tonne or 0.94 per cent and US$20 per tonne or 0.89 per cent to peg at US$2,249 per tonne and US$2,250 per tonne. December 25 bid price and December 25 offer price hiked by US$23 per tonne to reside at US$2,493 per tonne and US$2,498 per tonne.

LME aluminium opening stock came in at 546250 tonnes. Live warrants and Cancelled warrants 346050 tonnes and 200200 tonnes. LME aluminium 3-month Asian Reference Price surged by US$23.14 per tonne or 1.04 per cent to peg at US$2,240.12 per tonne.