On Monday, June 17, both LME aluminium cash bid price and LME aluminium official settlement price declined by US$45.5 per tonne or 1.84 per cent and 1.82 per cent to clock at US$2,419.50 per tonne and US$2,420 .50 per tonne.
As per the LME aluminium price graph, both 3-month bid price and 3-month offer price slumped by US$44 per tonne or 1.73 per cent and US$43 per tonne or 1.69 per cent to peg at US$2,485 per tonne and US$2,487 per tonne.
December 25 bid price and December 25 offer price contracted by US$37 per tonne or 1.39 per cent to dock at US$2,618 per tonne and US$2,623 per tonne. On the same day, 3-month Asian Reference Price descended by US$52.5 per tonne or 2.06 per cent to reach US$2,429.36 per tonne.
LME aluminium opening stock came in at 1073950 tonnes. Live warrants and Cancelled warrants settled at 484425 tonnes and 589525 tonnes.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
