LME aluminium benchmark price falls by US$18/t to US$2,185/t; SHFE price descends to US$2,600/t

LME aluminium opened at $2,218 per tonne on Monday, with its high and low at $2,229.5 per tonne and $2,192 per tonne, respectively, before closing at $2,197.5 per tonne, down 0.92 per cent.

On Monday, February 19, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$17.5 per tonne or 0.79 per cent and US$18 per tonne or 0.81 per cent to settle at US$2,184.50 per tonne and US$2,185 per tonne.

As per the LME data, 3-month bid price and 3-month offer price contracted by US$27 per tonne or 1.21 per cent and US$28.5 per tonne or 1.27 per cent to settle at US$2,203 per tonne and US$2,203.50 per tonne.

December 25 bid price and December 25 offer price slumped by US$30 per tonne or 1.22 per cent to halt at US$2,422 per tonne and US$2,427 per tonne. LME aluminium opening stock came in at US$549600 tonnes. Live warrants and Cancelled warrants stood at 357300 tonnes and 192300 tonnes.

LME aluminium 3-month Asian Reference Price decreased by US$10.93 per tonne or 0.49 per cent to peg at US$2,212.77 per tonne.

SHFE aluminium 

The SHFE aluminium benchmark price descended by US$22 per tonne or 0.83 per cent to arrive at US$2,600 per tonne. Overnight, the most-traded SHFE 2403 aluminium contract opened at RMB 18,755 per tonne, with high and low at RMB 18,825 per tonne and RMB 18,715 per tonne before closing at RMB 18,760 per tonne, down 0.48 per cent.