LME aluminium price plunged to $1737/t after three days of hike in a row; SHFE is closed for National Day Holiday

LME aluminium price decreased on Wednesday, September 30, to US$ 1737 per tonne after three consecutive days of hike US$ 1697 per tonne to US$ 1746 per tonne.

As of Wednesday, September 30, both LME aluminium cash (bid) price and LME official settlement price again stood at US$ 1737 per tonne decreasing by US$ 9 per tonne from US$ 1746 per tonne on September 29. 3-months bid price and 3-months offer price came in at US$ 1770.50 per tonne, down by US$ 9.5 per tonne from the previous day. Dec 21 bid price and Dec 21 offer price hovered at US$ 1847 per tonne.

The LME aluminium opening stock declined from 1466925 tonnes to 1458900 tonnes. Live Warrants stood at 1196850 tonnes, while Cancelled Warrants at 262050 tonnes.

LME aluminium 3-months Asian Reference Price came in at US$ 1768.01per tonne, as of Wednesday, September 30.

SHFE Aluminium Price Trend

SHFE is closed for the National Day and Mid-Autumn Festival holidays from October 1 to October 8, 2020. So, there is no update on price and market news.

Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020” on October 6-7, 2020. For registration, visit www.alcircleevents.com