The LME 3-month bid price and the LME 3-month offer price have marked an increase of US$5.50 per tonne or 0.2 per cent to settle at US$2,660 per tonne and US$2,660.50 per tonne.
The LME 25-December bid price and the 25-December offer price have declined by US$17 per tonne or 0.62 per cent to officiate at US$2,725 per tonne and US$2,730 per tonne.
The opening stock has slumped by 4,000 tonnes or 0.79 per cent to close at 500,000 tonnes. Live and cancelled stocks parked at 152,000 tonnes and 348,000 tonnes.
The LME Asian reference price has soared by US$61.80 per tonne or 2.38 per cent to arrive at US$2,660.97 per tonne.
SHFE aluminium price
The Shanghai Futures Exchange (SHFE) aluminium benchmark price has stopped at US$2,810 per tonne, with a plunge of US$35 per tonne or 1.23 per cent.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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