LME aluminium benchmark price falls by US$39/t to US$2,341.50/t; SHFE market is closed for Qingming Festival

On Tuesday, April 4, both LME aluminium cash bid price and LME aluminium official settlement price contracted by US$39.5 per tonne or 1.65 per cent and US$39 per tonne or 1.63 per cent to settle at US$2,340.50 per tonne and US$2,341.50 per tonne.

3-month bid price and 3-month offer price dropped by US$36 per tonne or 1.48 per cent to peg at US$2,393 per tonne and US$2,394 per tonne.

December 24 bid price and December 24 offer price slumped by US$37 per tonne or 1.41 per cent and 1.40 per cent to score at US$2,583 per tonne and US$2,588 per tonne.

LME aluminium opening stock settled at 520100 tonnes. Live warrants and Cancelled warrants scored at 418750 tonnes and 101350 tonnes.

LME aluminium 3-month Asian Reference Price inched down by US$0.43 per tonne or 0.01 per cent to halt at US$2,391.69 per tonne.

SHFE aluminium price

The SHFE market is closed today for the Qingming Festival. However, yesterday, the SHFE aluminium benchmark price stood at US$2,705 per tonne, with a US$7 per tonne or 0.26 per cent drop.

SHFE 2305 aluminium closed down 0.13 per cent or RMB 25 per tonne at RMB 18,675 per tonne. Open interest stood at 211,216 lots, down 5,275 lots.