Benchmark aluminium price on London Metal Exchange dropped 0.53 per cent to US$ 1886.5 per tonne on Wednesday, February 6, from US$ 1896.5 per tonne on Tuesday. As on February 6, LME aluminium cash (bid) price stood at US$ 1886 per tonne, LME official settlement price stands at US$ 1886.50per tonne; 3-months bid price stands at US$ 1912 per tonne, 3-months offer price is US$ 1912.50 per tonne; Dec 19 bid price stands at US$ 2053 per tonne, and Dec 19 offer price stands at US$ 2058 per tonne.
The LME aluminium opening stock stood at 1292175 tonnes. Live Warrants totalled at 724675 tonnes, and Cancelled Warrants were 567500 tonnes.
LME aluminium 3-months Asian Reference Price is hovering at US$ 1930.50 per tonne.
SME and SHFE Aluminium Price Trend
Shanghai Futures Exchange is closed for China’s Lunar New Year Holiday. Trading will resume on Monday, February 11.
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