On Tuesday, June 4, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$20.5 per tonne or 0.78 per cent and US$22 per tonne or 0.83 per cent to stand at US$2,602.50 per tonne and US$2,603 per tonne.
As per the LME data, both 3-month bid price and 3-month offer price slumped by US$26 per tonne or 0.97 per cent and US$27 per tonne or 1.01 per cent to clock at US$2,642 per tonne and US$2,643 per tonne.
December 25 bid price and December 25 offer price contracted by US$25 per tonne or 0.90 per cent to stand at US$2,738 per tonne and US$2,743 per tonne. LME aluminium opening stock came in at 1109900 tonnes. Live warrants and Cancelled warrants settled at 590975 tonnes and 518925 tonnes.
LME aluminium 3-month Asian Reference Price hiked by US$16.93 per tonne or 0.63 per cent to peg at US$2,672.82 per tonne.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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