Industry News

LME aluminium benchmark price gains US$21/t; SHFE price moves down by US$2/t

Views : 65
Update time : 2024-08-29 15:00:31
On Tuesday, LME aluminium opened at US$2,532 per tonne, with a high of US$2,554 per tonne and a low of US$2,502.5 per tonne, closing at US$2,546.5 per tonne, up US$13 per tonne or 0.51 per cent.

On Tuesday, August 27, both LME aluminium cash bid price and LME aluminium official settlement price gained US$19.5 per tonne or 0.78 per cent and US$21 per tonne or 0.84 per cent to clock at US$2,518 per tonne and US$2,520 per tonne.

3-month bid price and 3-month offer price hiked by US$26.5 per tonne or 1.05 per cent and US$28 per tonne or 1.11 per cent to settle at US$2,535 per tonne and US$2,537 per tonne.

December 25 bid price and December 25 offer price ascended by US$20 per tonne or 0.75 per cent to dock at US$2,655 per tonne and US$2,660 per tonne. LME aluminium opening stock came in at 867225 tonnes.

Live warrants and Cancelled warrants stood at 346625 tonnes and 520600 tonnes. LME aluminium 3-month Asian Reference Price expanded by US$25.06 per tonne or 1 per cent to reach US$2,515.52 per tonne.

Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
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 Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
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? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11