LME aluminium opened at US$2,274.5 per tonne on Monday, with high and low at US$2,276 per tonne and US$2,234 per tonne, respectively, before closing at US$2,237 per tonne, a drop of US$35 per tonne or 1.54 per cent.
On Monday, January 8, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$10 per tonne or 0.45 per cent to halt at US$2,205 per tonne and US$2,205.50 per tonne.
As per the London Metal Exchange (LME) data, the 3-month bid price and 3-month offer price fell by US$10 per tonne or 0.44 per cent to settle at US$2,252 per tonne and US$2,253 per tonne. December 25 bid price and December 25 offer price went down by US$2 per tonne or 0.07 per cent to close at US$2,508 per tonne and US$2,513 per tonne.
LME aluminium opening stock scored at 569100 tonnes. Live warrants and Cancelled warrants closed at 388800 tonnes and 180300 tonnes. 3-month Asian Reference Price slumped by US$12.77 per tonne or 0.55 per cent to reach US$2,268 per tonne.
SHFE aluminium price
Today, on January 8, the SHFE aluminium price has descended by US$14 per tonne or 0.52 per cent to halt at US$2,672 per tonne. Overnight, the most-traded SHFE 2402 aluminium contract opened at RMB 19,080 per tonne, with high and low at RMB 19,135 per tonne and RMB 19,020 per tonne before closing at RMB 19,030 per tonne, down RMB 155 per tonne or 0.81 per cent.
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