LME aluminium price marks the third consecutive day of fall to US$2183.5/t; SHFE price gains US$10/t overnight

The LME aluminium benchmark price marked the third consecutive day of downfall, bringing the price M-o-M down by US$32 per tonne from US$2,215.50 per tonne

3-month bid price and 3-month offer price descended by US$26.50 per tonne, standing at US$2,219 per tonne and US$2,219.50 per tonne, respectively. Both December 25 bid price and December 25 offer price shrank by US$30 per tonne to close the day at US$2,445 per tonne and US$2,450 per tonne.

LME aluminium opening stock amounted to 531,175 tonnes, experiencing a downfall of 2,300 tonnes from 533,475 tonnes on Friday, February 2. Live Warrants and Cancelled Warrants settled at 318,575 tonnes and 212,600 tonnes, respectively.