LME aluminium opened at US$2235 per tonne in the previous trading day, with its low and high at US$2214 per tonne and US$2244.5 per tonne, respectively, before closing at US$2224 per tonne, down US$6 per tonne or a decrease of 0.27 per cent.
On November 14, the LME aluminium live price chart experienced declining aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price discarding US$26.50 per tonne or 1.19 per cent to officially close at US$2,193.50 per tonne and US$2,194 per tonne.
London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price dwindled by US$4 per tonne or 0.18 per cent and US$5.50 per tonne or 0.25 per cent to stop at US$2,218 per tonne and US$2,218.50 per tonne, respectively.
The December 24 bid price and the December 24 offer price have shed US$3 per tonne or 0.13 per cent, settling at US$2,337 per tonne and US$2,342 per tonne.
LME aluminium opening stock experienced a massive augmentation of 7,925 tonnes or 1.6 per cent, arriving at 487,575 tonnes. Live warrants stood at 212,626 tonnes, with a similar inventory rise of 7,925 tonnes as well. Cancelled warrants halted at 274,950 tonnes, with no noticeable change.
LME aluminium 3-month Asian Reference Price stopped at US$2,226 per tonne, up US$10 per tonne or 0.45 per cent.
SHFE aluminium price
On November 15, today, the Shanghai Futures Exchange (SHFE) aluminium price chart displayed an upward zeal in aluminium prices, with the official SHFE price halting at US$2,622 per tonne, following a US$25 per tonne or 0.96 per cent hike.
The most-traded SHFE 2312 aluminium contract opened at RMB 18940 per tonne overnight, with its low and high at RMB 18940 per tonne and RMB 19130 per tonne before closing at RMB 19060 per tonne, up RMB 95 per tonne or 0.50 per cent.
SHFE 2307 aluminium added RMB 595 per tonne or 3.38 per cent to RMB 18,185 per tonne. The open interest fell 11,785 lots to 256,640 lots.
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