LME aluminium price slumps by US$22/t; SHFE price gains US$26/t

The previous trading day, LME aluminium opened at US$2,485 per tonne, with a high of US$2,499 per tonne and a low of US$2,456 per tonne, closing at US$2,486 per tonne, up US$1 per tonne, an increase of 0.04 per cent.

On Monday, September 23, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$21 per tonne or 0.84 per cent and US$22 per tonne or 0.88 per cent to clock at US$2,454 per tonne and US$2,455 per tonne.

As per the price graph, 3-month bid price and 3-month offer price dropped by US$33 per tonne or 1.31 per cent and US$32.5 per tonne or 1.29 per cent to settle at US$2,471 per tonne and US$2,472 per tonne.

December 25 bid price and December 25 offer price lost US$25 per tonne or 0.95 per cent to dock at US$2,580 per tonne and US$2,585 per tonne.

LME aluminium opening stock came in at 805525 tonnes. Live warrants and Cancelled warrants stood at 349750 tonnes and 455775 tonnes.

LME aluminium 3-month Asian Reference Price declined by US$81.23 per tonne or 3.18 per cent to reach US$2,466.38 per tonne.

SHFE aluminium price

On Tuesday, September 24, the SHFE aluminium benchmark price gained US$26 per tonne or 0.92 per cent to arrive at US$2,833 per tonne. Overnight, the most-traded SHFE aluminium 2411 contract opened at RMB 19,785 per tonne, reaching a high of RMB 19,875 per tonne and a low of RMB 19,780 per tonne, closing at RMB 19,830 per tonne, down RMB 5 per tonne, a decrease of 0.05 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