LME aluminium benchmark price dwindles by US$63/t; SHFE price contracts by US$44/t

On the previous trading day, LME aluminium opened at US$2,576 per tonne, reached a high of US$2,586.5 per tonne, a low of US$2,550.5 per tonne, and closed at US$2,582 per tonne, up US$6 per tonne, an increase of 0.23 per cent.

On Monday, June 10, both LME aluminium cash bid price and LME aluminium official settlement price dwindled by US$63.5 per tonne or 2.46 per cent and US$63 per tonne or 2.44 per cent to clock at US$2,514.50 per tonne and US$2,515.50 per tonne.

As per the LME price graph, both 3-month bid price and 3-month offer price contracted by US$54 per tonne or 2.05 per cent to dock at US$2,574 per tonne and US$2,575 per tonne. December 25 bid price and December 25 offer price descended by US$54 per tonne to peg at US$2,683 per tonne and uS$2,688 per tonne.

LME aluminium opening stock came in at 1100000 tonnes. Live warrants and Cancelled warrants settled at 582275 tonnes and 517725 tonnes.  LME aluminium 3-month Asian Reference Price also declined by US$66.02 per tonne or 2.49 per cent to halt at US$2,577.22 per tonne.

SHFE aluminium price

On Tuesday, June 11, SHFE aluminium benchmark price contracted by US$44 per tonne or 1.50 per cent to rest at US$2,878 per tonne.