LME aluminium benchmark price loses US$8.5/t to US$2452.5/t; SHFE price drops to US$2802/t

On Friday, June 21, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$8 per tonne or 0.32 per cent and US$8.5 per tonne or 0.34 per cent to clock at US$2,452 per tonne and US$2,452.50 per tonne.

3-month bid price and 3-month offer price also went down by US$5 per tonne or 0.19 per cent to settle at US$2,503 per tonne and US$2,504 per tonne. December 25 bid price and December 25 offer price dipped by US$5 per tonne or 0.18 per cent to reside at US$2,647 per tonne and US$2,652 per tonne.

LME aluminium opening stock came in at 1055425 tonnes. Live warrants and Cancelled warrants settled at 466575 tonnes and 588850 tonnes. LME aluminium 3-month Asian Reference Price, on the other hand, went up by US$5.84 per tonne or 0.23 per cent to dock at US$2,513.81 per tonne.