Both the cash bid price and official settlement price marked a surge of US$86 per tonne or 3.50 per cent and US$87 per tonne or 3.54 per cent on September 24. The rise in price can be attributed to the announcement of a series of policy measures by China to support its economy and property market.
The cash bid price and official settlement price halted at US$2,540 per tonne and US$2,542 per tonne on Tuesday, September 24.
3-month bid price and 3-month offer price also shot up by US$87 per tonne to dock at US$2,558 per tonne and US$2,559 per tonne. December 25 bid price and December 25 offer price gained US$72 per tonne to halt at US$2,652 per tonne and US$2,657 per tonne.
LME aluminium opening stock came in at 803025 tonnes. Live warrants and Cancelled warrants stood at 349750 tonnes and 453275 tonnes.
LME aluminium 3-month Asian Reference Price expanded by US$52.39 per tonne or 2.12 per cent to reside at US$2,518.77 per tonne.
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