Industry News

LME benchmark aluminium price discards US$27/t; SHFE aluminium price gains US$21/t

Views : 93
Update time : 2024-04-29 15:42:08
LME aluminium opened at US$2,572.5 per tonne in the previous trading day, with its high and low at US$2,600.5 per tonne and US$2,555.5 per tonne respectively before closing at US$2,560.5 per tonne, down US$10.5 per tonne or 0.41 per cent.

The London Metal Exchange graph on April 26, showed a decline in aluminium prices, with the LME cash bid price locking at US$2,559 per tonne, with a loss of US$27 per tonne or 1.04 per cent and the LME official price settling down at US$2,559.50 per tonne, incurring a similar plunge.

The 3-month bid price and the 3-month offer price have both slumped by US$23 per tonne or 0.88 per cent to close at US$2,586.50 per tonne and US$2,587 per tonne, respectively.

The 25 December bid price and the 25 December offer price both have negated US$24 per tonne or 0.88 per cent to officially close at US$2,688 per tonne and US$2,693 per tonne.

The opening stock has slumped by 725 tonnes or 4.06 per cent to close at 494,150 tonnes. Live and cancelled stocks parked at 153,375 tonnes and 340,775 tonnes.

The LME Asian reference price has decreased by US$6.14 per tonne or 0.24 per cent to arrive at US$2,584.69 per tonne.

Related News
Read More >>
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Apr .29.2025
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .29.2025
Brazil's steel imports may break Mar record in Apr
Nickel prices surge as LME inventories decline & US-China trade tensions ease Nickel prices surge as LME inventories decline & US-China trade tensions ease
Apr .29.2025
Nickel prices surge as LME inventories decline & US-China trade tensions ease
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics
Apr .29.2025
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics