LME aluminium benchmark price dwindles by US$63/t; SHFE price contracts by US$44/t

On Monday, June 10, both LME aluminium cash bid price and LME aluminium official settlement price dwindled by US$63.5 per tonne or 2.46 per cent and US$63 per tonne or 2.44 per cent to clock at US$2,514.50 per tonne and US$2,515.50 per tonne.

As per the LME price graph, both 3-month bid price and 3-month offer price contracted by US$54 per tonne or 2.05 per cent to dock at US$2,574 per tonne and US$2,575 per tonne. December 25 bid price and December 25 offer price descended by US$54 per tonne to peg at US$2,683 per tonne and uS$2,688 per tonne.

LME aluminium opening stock came in at 1100000 tonnes. Live warrants and Cancelled warrants settled at 582275 tonnes and 517725 tonnes.  LME aluminium 3-month Asian Reference Price also declined by US$66.02 per tonne or 2.49 per cent to halt at US$2,577.22 per tonne.