On Friday, July 26, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$10.5 per tonne or 0.47 per cent to settle at US$2,228.50 per tonne and US$2,229 per tonne. As per the LME data, 3-month bid price and 3-month offer price added US$13 per tonne or 0.57 per cent to clock at US$2,288 per tonne and US$2,289 per tonne.
December 25 bid price and December 25 offer price ascended by US$17 per tonne or 0.69 per cent to dock at US$2,447 per tonne and US$2,452 per tonne. LME aluminium opening stock came in at 943675 tonnes. Live warrants and Cancelled warrants stood at 362850 tonnes and 580825 tonnes.
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
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
