Industry News

LME aluminium benchmark price grows by US$9.5/t to US$2,201.5/t; SHFE price falls by US$13/t

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Update time : 2023-11-23 17:27:15
LME aluminium opened at US$2244.5 per tonne in the previous trading day, with its low and high at US$2233.5 per tonne and US$2264 per tonne, respectively, before closing at US$2255.5 per tonne, up US$11.5 per tonne or 0.51 per cent.
On Tuesday, November 21, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$10 per tonne or 0.45 per cent and US$9.5 per tonne or 0.43 per cent to clock at US$2,201 per tonne and US$2,201.50 per tonne.

As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price hiked by US$11 per tonne or 0.49 per cent and US$11.5 per tonne or 0.51 per cent to halt at US$2,239 per tonne and US$2,240 per tonne.

December 24 bid price and December 24 offer price also ascended by US$10 per tonne and US$5 per tonne to clock at US$2,348 per tonne and US$2,353 per tonne. LME aluminium opening stock came in at 476875 tonnes. Live warrants and Cancelled warrants scored at 213525 tonnes and 263350 tonnes.

LME aluminium 3-month Asian Reference Price increased by US$11.65 per tonne or 0.52 per cent to peg at US$2,247.50 per tonne.

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