LME aluminium benchmark price closes the week with a decline of US$46/t; SHFE price falls to US$2807/t

On the previous trading day, LME aluminium opened at US$2,536.5 per tonne, hit a high of US$2,551 per tonne and a low of US$2,478 per tonne, and closed at US$2,486 per tonne, down US$53.5 per tonne, a decrease of 2.11 per cent.

As per the LME price graph, on Friday, September 20, both cash bid price and official settlement price had declined by US$47 per tonne or 1.86 per cent and US$46 per tonne or 1.82 per cent to settle at US$2,475 per tonne and US$2,477 per tonne.

On the same day, 3-month bid price and 3-month offer price also contracted by US$32 per tonne or 1.26 per cent and US$34 per tonne or 1.31 per cent to peg at US$2,605 per tonne and US$2,610 per tonne.

December 25 bid price and December 25 offer price slumped by US$25 per tonne to halt at US$2,605 per tonne and US$2,610 per tonne.

LME aluminium opening stock came in at 809025 tonnes. Live warrants and Cancelled warrants stood at 349750 tonnes and 459275 tonnes.

LME aluminium 3-month Asian Reference Price lost US$9.87 per tonne or 0.38 per cent to reside at US$2,547.61 per tonne.

SHFE aluminium price

On Monday, September 23, the SHFE aluminium benchmark price dipped by US$37 per tonne or 1.30 per cent to reach US$2,807 per tonne. Last Friday night, the most-traded SHFE aluminium 2411 contract opened at RMB 19,980 per tonne, reaching a high of RMB 20,000 per tonne and a low of RMB 19,805 per tonne, and closed at RMB 19,845 per tonne, down RMB 225 per tonne, a decrease of 1.12 per cent. 

Note: We are pleased to announce that the AL Circle website now includes CME (Futures) aluminium prices in addition to the previously available LME and SHFE aluminium prices. We invite you to explore this expanded offering in our price section for the most comprehensive and up-to-date aluminium pricing information