Industry News

LME aluminium benchmark price retreats US$7/t; SHFE aluminium price returns below US$2800/t

Views : 46
Update time : 2024-07-11 16:23:25
On Tuesday, July 9, the three-month LME aluminum contract price opened at US$2,534 per tonne, reached a high of US$2,536.50 per tonne and a low of US$2,490.50 per tonne, and closed at US$2,497 per tonne, down US$32 per tonne from the previous closing price, a decrease of 1.27 per cent.

LME aluminium cash bid price and LME aluminium official settlement price decreased by US$7 per tonne, marking the second consecutive day of fall, standing at US$2,468 per tonne and US$2,468.50 per tonne, respectively.

With the latest decline, the LME aluminium benchmark price edged a week-on-week decline of US$21 per tonne from US$2,489.50 and a month-on-month plunge of US$47 per tonne from US$2,515.50 per tonne.

3-month bid price and 3-month offer price slipped by US$6.50 per tonne on the same day to come in at US$2,525 per tonne and US$2,525.50 per tonne. Meanwhile, December-25 bid price and December-25 offer price gained US$2 per tonne to peg at US$2,680 per tonne and US$2,685 per tonne, respectively.

On July 9, LME aluminium opening stock shed off 5,650 tonnes to reach 988,525 tonnes. Live Warrants and Cancelled Warrants amounted to 446,575 tonnes and 541,950 tonnes, down by 0.30 per cent and 0.80 per cent from the previous day.

LME aluminium 3-month Asian Reference Price dipped US$2.90 per tonne to stand at US$2,530.90 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