LME aluminium price closed Wednesday’s trading at US$ 1564/t; SHFE aluminium fell 0.5%

Benchmark aluminium price on London Metal Exchange dropped 0.86 per cent to US$ 1564 per tonne on Wednesday, June 24, from US$ 1577.5 per tonne on Tuesday. 

As of Wednesday June 24, LME aluminium cash (bid) price stands at US$ 1564 per tonne, LME official settlement price stands at US$ 1564 per tonne; 3-months bid price stands at US$ 1586.50per tonne, 3-months offer price is US$ 1586.50 per tonne; Dec 21 bid price stands at US$ 1688.50 per tonne, and Dec 21 offer price stands at US$ 1688.50 per tonne.

The LME aluminium opening stock stood at 1614100 tonnes. Live Warrants totalled 1427950 tonnes, and Cancelled Warrants were 186150 tonnes.

LME aluminium 3-months Asian Reference Price is hovering at US$ 1591.61per tonne.

SHFE Aluminium Price Trend

The market will be closed on Thursday and Friday for the Dragon Boat Festival in China.

The most-liquid SHFE contract ended the day 0.51% lower at RMB13,605 per tonne on Wednesday, June 24. It lost 1.38% on the week, following two consecutive weeks of gains.