On the same day, 3-month bid price and 3-month offer price increased by US$23.50 per tonne, closing the week at US$2,525 per tonne and US$2,526 per tonne, respectively. December-25 bid price and December-25 offer price stood at US$2,668 per tonne and US$2,673 per tonne, mirroring the same growth of US$15 per tonne as the previous day.
On June 28, LME aluminium opening stock totalled 1,026,925 tonnes, registering a further decline of 5,950 tonnes from the earlier day. Live Warrants stood restrained at 466,500 tonnes, while Cancelled Warrants plunged by 5,950 tonnes to 560,425 tonnes.
LME aluminium 3-month Asian Reference Price grew by 0.52 per cent on Friday to settle at US$2,513.50 per tonne.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
