LME aluminium benchmark price gains US$22.5/t to US$2,210 per tonne; SHFE price grows by US$18/t

On Thursday, March 7, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$22.5 per tonne or 1.02 per cent to settle at US$2,209.50 per tonne and US$2,210 per tonne, respectively.

As per the LME data, the 3-month bid price and 3-month offer price gained US$25 per tonne or 1.12 per cent and US$24.6 per tonne or 1.09 per cent to settle at US$2,255 per tonne and US$2,255.50 per tonne.

December 25 bid price and December 25 offer price expanded by US$22 per tonne to clock at US$2,462 per tonne and US$2,467 per tonne. LME aluminium opening stock arrived at 580325 tonnes. Live warrants and Cancelled warrants stood at 349475 tonnes and 230850 tonnes.

The LME aluminium 3-month Asian Reference Price moved up by US$6.98 per tonne, or 0.31 per cent, to US$2,234.82 per tonne.