LME aluminium price rises to a 3-week high on renewed US sanction risks; SHFE price falls by US$27/t

As per the data, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$64 per tonne or 2.98 per cent to score at US$2,211 per tonne and US$2,211.50 per tonne.

3-month bid price and 3-month offer price skyrocketed by US$70 per tonne or 3.20 per cent and US$70.5 per tonne or 3.22 per cent to halt at US$2,253 per tonne and US$2,254 per tonne. On the same day, December 25 bid price and December 25 offer price hiked by US$63 per tonne to stop at US$2,463 per tonne and US$2,468 per tonne.

LME aluminium opening stock came in at 562125 tonnes. Live warrants and Cancelled warrants stood at 378025 tonnes and 184100 tonnes. LME aluminium 3-month Asian Reference Price gained US$62.24 per tonne or 2.84 per cent to halt at US$2,250.76 per tonne.