LME aluminium benchmark price grows by US$31.5/t; SHFE price moves up to US$2753/t

On Wednesday, LME aluminium opened at US$2,342 per tonne, reached a high of US$2,379.5 per tonne, a low of US$2,337 per tonne, and closed at US$2,379.5 per tonne, up by US$37.5 per tonne, an increase of 1.60 per cent.

As per the LME data, both cash bid price and official settlement price gained US$31.5 per tonne to clock at US$2,353.50 per tonne and US$2,354.50 per tonne, on Wednesday, September 11.

On the same day, both 3-month bid price and 3-month offer price added US$21 per tonne or 0.89 per cent to settle at US$2,364 per tonne and US$2,365 per tonne.

December 25 bid price and December 25 offer price ascended by US$20 per tonne or 0.81 per cent to settle at US$2,477 per tonne and US$2,482 per tonne.

LME aluminium opening stock came in at 827850 tonnes. Live warrants and Cancelled warrants stood at 350225 tonnes and 477625 tonnes.

LME aluminium 3-month Asian Reference Price moved up by US$2.04 per tonne or 0.86 per cent to settle at US$2,359.48 per tonne.

SHFE aluminium price

On Thursday, September 12, the SHFE aluminium benchmark price has surged by US$36 per tonne or 1.32 per cent to come in at US$2,753 per tonne. Overnight, the most-traded SHFE aluminium 2410 contract opened at RMB 19,450 per tonne, reached a high of RMB 19,495 per tonne, a low of RMB 19,385 per tonne, and closed at RMB 19,465 per tonne, up by RMB 15 per tonne, an increase of 0.08 per cent.

Note: We are pleased to announce that the AL Circle website now includes CME (Futures) aluminium prices in addition to the previously available LME and SHFE aluminium prices. We invite you to explore this expanded offering in our price section for the most comprehensive and up-to-date aluminium pricing information.