LME aluminium opened at US$2,231 per tonne yesterday, with its high and low at US$2,268 per tonne and US$2,222 per tonne, respectively, before closing at US$2,222 per tonne, down US$10 per tonne or 0.45 per cent.
On Wednesday, January 24, both LME aluminium cash bid price and LME aluminium official settlement price expanded for the second day in a row owing to EU sanction rumours. As per the data, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$62.5 per tonne or 2.91 per cent to halt at US$2,207 per tonne and US$2,207.50 per tonne.
3-month bid price and 3-month offer price gained US$58 per tonne or 2.65 per cent and US$58.5 per tonne or 2.67 per cent to peg at US$2,243 per tonne and US$2,244 per tonne. December 25 bid price and December 25 offer price hiked by US$47 per tonne to peg at US$2,480 per tonne and US$2,485 per tonne.
LME aluminium opening stock came in at 546325 tonnes. Live warrants and Cancelled warrants settled at 338475 tonnes and 207850 tonnes. LME aluminium 3-month Asian Reference Price surged by US$76.62 per tonne or 3.52 per cent to peg at US$2,247.66 per tonne.
