Industry News

LME aluminium price closes the week with a surge of US$58.5/t; SHFE price gains US$33/t

Views : 37
Update time : 2024-08-13 14:17:47
LME aluminium opened at US$2,280 per tonne last Friday, reaching a high of US$2,329.5 per tonne and a low of US$2,280 per tonne. It closed at US$2,295 per tonne, up US$11 per tonne, an increase of 0.48 per cent.

On Friday, August 9, both LME aluminium cash bid price and LME aluminium official settlement price skyrocketed by US$58.5 per tonne or 2.65 per cent to settle at US$2,262.50 per tonne and US$2,263 per tonne.

LME aluminium 3-month bid price and 3-month offer price surged by US$60 per tonne or 2.65 per cent and US$58.5 per tonne or 2.58 per cent to dock at US$2,318 per tonne and US$2,318.50 per tonne.

December 25 bid price and December 25 offer price hiked by US$55 per tonne or 2.27 per cent to peg at US$2,468 per tonne and US$2,473 per tonne. LME aluminium opening stock came in at 907450 tonnes. Live warrants and Cancelled warrants stood at 354800 tonnes and 552650 tonnes.

LME aluminium 3-month Asian Reference Price added US$16.55 per tonne or 0.72 per cent to settle at US$2,293.11 per tonne.

Related News
Read More >>
China's bauxite import in September hit hard with serial disruptions. Will 2025 be any different? China's bauxite import in September hit hard with serial disruptions. Will 2025 be any different?
Nov .15.2024
China's bauxite import in September hit hard with serial disruptions. Will 2025 be any different?
Egypt Aluminium achieves 45% of previous year’s net profit in only Q1, marking 160% Y-o-Y growth Egypt Aluminium achieves 45% of previous year’s net profit in only Q1, marking 160% Y-o-Y growth
Nov .15.2024
Egypt Aluminium achieves 45% of previous year’s net profit in only Q1, marking 160% Y-o-Y growth
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry
Nov .15.2024
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nov .15.2024
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology