Industry News

LME aluminium benchmark price descends to US$2475.5/t; SHFE price adds US$9/t

Views : 80
Update time : 2024-07-10 15:33:34
LME aluminium opened at US$2,537 per tonne in the previous trading day, with a high of US$2,541 per tonne and a low of US$2,520 per tonne, and closed at US$2,529 per tonne, down US$10.5 per tonne from the previous trading day, a decrease of 0.41 per cent.

On Monday, July 8, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$20 per tonne or 0.80 per cent to settle at US$2,475 per tonne and US$2,475.50 per tonne.

3-month bid price and 3-month offer price descended by US$12.5 per tonne or 0.49 per cent and US$13 per tonne or 0.51 per cent to clock at US$2,531.50 per tonne and US$2,532 per tonne.

December 25 bid price and December 25 offer price fell by US$10 per tonne or 0.37 per cent to halt at US$2,678 per tonne and US$2,683 per tonne. LME aluminium opening stock came in at 994175 tonnes. Live warrants and Cancelled warrants stood at 447925 tonnes and 546250 tonnes.

LME aluminium 3-month Asian Reference Price added US$5.8 per tonne or 0.22 per cent to peg at US$2,533.80 per tonne.

Related News
Read More >>
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
May .29.2025
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
May .29.2025
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
May .29.2025
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL
May .29.2025
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL