Industry News

LME benchmark aluminium price notes US$199.50/t Y-o-Y slump reaching US$2194.50/t; SHFE aluminium price descends by 0.79%

Views : 173
Update time : 2023-11-24 19:22:52
On November 22, the LME aluminium live price chart experienced mixed price trends, with the LME aluminium cash bid price and the LME aluminium official price shedding US$7 per tonne or 0.32 per cent to officially close at US$2,194 per tonne and US$2,194.50 per tonne.
When the LME aluminium price on November 22, last year, is taken into account, we can find a Year-on-Year degradation of US$199.50 per tonne or 8.33 per cent from US$2,394 per tonne recorded that day.

London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price slumped by US$2.50 per tonne or 0.11 per cent to arrive at US$2,236.50 per tonne and US$2,237.50 per tonne, respectively.

The December 24 bid price and the December 24 offer price have gained US$2 per tonne or 0.08 per cent, registering a rate of US$2,350 per tonne and US$2,355 per tonne.

LME aluminium opening stock witnessed a plunge of 2,775 tonnes or 0.58 per cent, arriving at 479,650 tonnes. Live warrants stood at 201,525 tonnes, with a major downfall of 12,000 tonnes or 5.6 per cent. Cancelled warrants halted at 278,125 tonnes, plummeting by 14,775 tonnes or 5.6 per cent.

LME aluminium 3-month Asian Reference Price stopped at US$2,242.03 per tonne, down US$5.47 per tonne or 0.24 per cent.

Related News
Read More >>
Taiwan's coated steel demand falls short of expectations after typhoon reconstruction Taiwan's coated steel demand falls short of expectations after typhoon reconstruction
Sep .19.2025
Taiwan's coated steel demand falls short of expectations after typhoon reconstruction
Global primary aluminum market has short supply of 119,900 tons in Jul Global primary aluminum market has short supply of 119,900 tons in Jul
Sep .19.2025
Global primary aluminum market has short supply of 119,900 tons in Jul
China's aluminum-related production statistics in Aug China's aluminum-related production statistics in Aug
Sep .19.2025
China's aluminum-related production statistics in Aug
Saudi Arabia accelerates major water transmission projects, raising pipe and long steel demand Saudi Arabia accelerates major water transmission projects, raising pipe and long steel demand
Sep .19.2025
Saudi Arabia accelerates major water transmission projects, raising pipe and long steel demand