Industry News

LME aluminium benchmark price falls to US$2,122/t; SHFE price loses US$13/t

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Update time : 2024-01-23 16:28:46
LME aluminium opened at US$2,172 per tonne last Friday, with high and low at US$2,182 per tonne and US$2,158.5 per tonne, respectively, before closing at US$2,172.5 per tonne, an increase of US$4.5 per tonne or 0.21 per cent.
On Friday, January 19, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$9 per tonne or 0.42 per cent and US$8.5 per tonne or 0.39 per cent to stand at US$2,121 per tonne and US$2,122 per tonne.

3-month bid price and 3-month offer price decreased by US$11 per tonne or 0.50 per cent and US$11.5 per tonne or 0.52 per cent to settle at US$2,164 per tonne and US$2,164.50 per tonne. December 25 bid price and December 25 offer price dipped by US$10 per tonne or 0.41 per cent to peg at US$2,420 per tonne and US$2,425 per tonne.

LME aluminium opening stock came in at 555225 tonnes. Live warrants and Cancelled warrants stood at 346125 tonnes and 209100 tonnes. LME aluminium 3-month Asian Reference Price declined by US$23.76 per tonne or 1.08 per cent to arrive at US$2,166.45 per tonne.

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