Industry News

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

Views : 84
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.

Related News
Read More >>
China's primary aluminum imports decline, exports surge in May China's primary aluminum imports decline, exports surge in May
Jun .26.2025
China's primary aluminum imports decline, exports surge in May
Taiwan's Yusco expects environmental issues to drive stainless steel demand Taiwan's Yusco expects environmental issues to drive stainless steel demand
Jun .26.2025
Taiwan's Yusco expects environmental issues to drive stainless steel demand
LME nickel returns to $15,000 level on expected Fed interest rate cut LME nickel returns to $15,000 level on expected Fed interest rate cut
Jun .26.2025
LME nickel returns to $15,000 level on expected Fed interest rate cut
Fujian Tsingtuo Special Steel achieves global first in stainless plate manufacturing with three-hot integration mode Fujian Tsingtuo Special Steel achieves global first in stainless plate manufacturing with three-hot integration mode
Jun .26.2025
Fujian Tsingtuo Special Steel achieves global first in stainless plate manufacturing with three-hot integration mode