The previous trading day, LME aluminium opened at US$2,510.5 per tonne, hit a high of US$2,531 per tonne and a low of US$2,495.5 per tonne, and closed at US$2,497.5 per tonne, down US$16 per tonne, a decrease of 0.64 per cent.
On Monday, June 24, both LME aluminium cash bid price and LME aluminium official settlement price went up by US$2 per tonne or 0.08 per cent to clock at US$2,454 per tonne and US$2,454.50 per tonne.
3-month bid price and 3-month offer price also added US$2 per tonne or 0.07 per cent to settle at US$2,505 per tonne and US$2,506 per tonne. As per the LME data, both December 25 bid price and December 25 offer price inched up by US$3 per tonne or 0.11 per cent to clock at US$2,650 per tonne and US$2,655 per tonne.
LME aluminium opening stock came in at 1049825 tonnes. Live warrants and Cancelled warrants settled at 466500 tonnes and 583325 tonnes. LME aluminium 3-month Asian Reference Price, on the other hand, dropped by US$10.75 per tonne or 0.42 per cent to settle at US$2,503.06 per tonne.
SHFE aluminium price
On Friday, June 25, the SHFE aluminium benchmark price decreased by US$4 per tonne or 0.14 per cent to halt at US$2,798 per tonne. Overnight, the most-traded SHFE aluminium contract 2408 opened at RMB 20,395 per tonne, reaching a high of 20,470 RMB per tonne and a low of RMB 20,330 per tonne, and closed at RMB 20,350 per tonne, down RMB 45 per tonne, a decrease of 0.22 per cent.
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