Industry News

LME aluminium benchmark price gains US$8/t to US$2,090.5/t; SHFE price hikes by US$12/t

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Update time : 2023-12-14 17:38:06
LME aluminium opened at US$2121 per tonne yesterday, with its high and low at US$2143 per tonne and US$2116 per tonne, respectively, before closing at US$2124 per tonne, flat from the previous trading day.

On Tuesday, December 12, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$8 per tonne or 0.38 per cent to settle at US$2,090 per tonne and US$2,090.50 per tonne.

3-month bid price and 3-month offer price grew by US$9.5 per tonne or 0.44 per cent to clock at US$2,136 per tonne and US$2,136.50 per tonne. December 24 bid price and December 24 offer price also increased by US$8 per tonne or 0.35 per cent to peg at US$2,255 per tonne and US$2,260 per tonne.

LME aluminium opening stock came in at 450225 tonnes. Live warrants and Cancelled warrants settled at 208725 tonnes and 241500 tonnes. LME aluminium 3-month Asian price inched up by US$0.37 per tonne or 0.01 per cent to peg at US$2,134.50 per tonne.

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