If the aluminium price on October 20 is considered, which was US$2,152 per tonne, we can mark a Month-on-Month surge of US$40 per tonne or 1.86 per cent to what it is today.
London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price soared by US$25 per tonne or 1.13 per cent to stop at US$2,228 per tonne and US$2,228.50 per tonne, respectively.
The December 24 bid price and the December 24 offer price have secured US$20 per tonne or 0.86 per cent, settling at US$2,338 per tonne and US$2,343 per tonne.
LME aluminium opening stock experienced a notable slump of 2,000 tonnes or 0.41 per cent, arriving at 479,775 tonnes. Live warrants stood at 212,875 tonnes, with no calculable change at all. Cancelled warrants halted at 266,900 tonnes, having lost US$2,000 per tonne or 0.74 per cent.
LME aluminium 3-month Asian Reference Price stopped at US$2,235.85 per tonne, up US$23.42 per tonne or 1.06 per cent.
