Industry News

LME aluminium benchmark price drops to US$2,218/t; SHFE price loses US$7/t to US$2,628/t

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Update time : 2023-11-06 14:06:57
LME aluminium opened at US$2244.5 per tonne on Thursday, with its low and high at US$2224.5 per tonne and US$2251.5 per tonne, respectively, before closing at US$2232 per tonne, down 0.47 per cent.

On Thursday, November 2, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$12.5 per tonne or 0.56 per cent to clock at US$2,217.50 per tonne and US$2,218 per tonne.

As per the London Metal Exchange (LME) data, both the 3-month bid price and the 3-month offer price went down by US$4 per tonne or 0.17 per cent and US$3.5 per tonne or 0.15 per cent to clock at US$2,237 per tonne and US$2,238 per tonne.

December 24 bid price and December 24 offer price moved down by US$5 per tonne or 0.21 per cent to peg at US$2,350 per tonne and US$2,355 per tonne. LME aluminium opening stock halted at 470700 tonnes. Live warrants and Cancelled warrants settled at 203800 tonnes and 266900 tonnes.

LME aluminium 3-month Asian Reference Price dipped by US$5.8 per tonne or 0.25 per cent to halt at US$2,244.20 per tonne.

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