The previous trading day, LME aluminium opened at US$2,381.5 per tonne, with a high of US$2,385.5 per tonne, a low of US$2,350 per tonne, and closed at US$2,350 per tonne, down US$35.5 per tonne, a decrease of 1.49 per cent.
On Friday, July 19, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$22.5 per tonne or 0.96 per cent and US$23 per tonne or 0.98 per cent to settle at US$2,311.50 per tonne and US$2,312 per tonne.
3-month bid price and 3-month offer price dwindled by US$29 per tonne to clock at US$2,367 per tonne and US$2,368 per tonne. As per the LME data, December 25 bid price and December 25 offer price dropped by US$27 per tonne or 1.05 per cent to dock at US$2,528 per tonne and US$2,533 per tonne.
On the same day, LME aluminium opening stock came in at 960075 tonnes. Live warrants and Cancelled warrants stood at 407025 tonnes and 553050 tonnes. LME aluminium 3-month Asian Reference Price contracted by US$46.9 per tonne or 1.93 per cent to peg at US$2,378.37 per tonne.
SHFE aluminium price
On Monday, July 22, the SHFE aluminium benchmark price slipped by US$14 per tonne or 0.51 per cent to reside at US$2,682 per tonne. Last Friday night, the most-traded SHFE aluminium 2409 contract opened at RMB 19,555 per tonne, with a high of RMB 19,600 per tonne, a low of RMB 19,515 per tonne, and closed at RMB 19,515 per tonne, down RMB 100 per tonne, a decrease of 0.51 per cent.
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