Industry News

LME aluminium price falls by US$13/t to US$2,148.5/t; SHFE price gains US$17/t

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Update time : 2023-10-19 16:52:43

On Tuesday, October 17, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$13 per tonne or 0.60 per cent to close at US$2,148 per tonne and US$2,148.50 per tonne.

 

As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price slipped by US$21 per tonne or 0.95 per cent to clock at US$ 2,170 per tonne and US$2,170.50 per tonne.

December 24 bid price and December 24 offer price fell by US$18 per tonne or 0.77 per cent to rest at US$2,297 per tonne and US$2,302 per tonne. LME aluminium opening stock closed at 484600 tonnes. Live warrants and Cancelled warrants settled at 193350 tonnes and 193350 tonnes.

LME aluminium 3-month Asian Reference Price also slipped by US$32.21 per tonne or 1.46 per cent to peg at US$2,171.50 per tonne.

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