LME aluminium opened the previous trading day at US$2,489 per tonne, with a high of US$2,568 per tonne and a low of US$2,483 per tonne, closing at US$2,554 per tonne, up US$68 per tonne, an increase of 2.73 per cent.
Both the cash bid price and official settlement price marked a surge of US$86 per tonne or 3.50 per cent and US$87 per tonne or 3.54 per cent on September 24. The rise in price can be attributed to the announcement of a series of policy measures by China to support its economy and property market.
The cash bid price and official settlement price halted at US$2,540 per tonne and US$2,542 per tonne on Tuesday, September 24.
3-month bid price and 3-month offer price also shot up by US$87 per tonne to dock at US$2,558 per tonne and US$2,559 per tonne. December 25 bid price and December 25 offer price gained US$72 per tonne to halt at US$2,652 per tonne and US$2,657 per tonne.
LME aluminium opening stock came in at 803025 tonnes. Live warrants and Cancelled warrants stood at 349750 tonnes and 453275 tonnes.
LME aluminium 3-month Asian Reference Price expanded by US$52.39 per tonne or 2.12 per cent to reside at US$2,518.77 per tonne.
SHFE aluminium price
On Wednesday, September 25, the SHFE aluminium benchmark price ascended by US$37 per tonne or 1.30 per cent to settle at US$2,870 per tonne. Overnight, the most-traded SHFE aluminium 2411 contract opened at RMB 20,065 per tonne, reaching a high of RMB 20,170 per tonne and a low of RMB 20,035 per tonne, closing at RMB 20,105 per tonne, up RMB 200 per tonne, an increase of 1 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
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