On December 15, last week, the LME aluminium live price chart, showed measurable surge in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price increasing by US$59.50 per tonne or 2.78 per cent and US$59 per tonne or2.76 per cent to officially close at US$2,195.50 per tonne and US$2,196 per tonne.
It was displayed on the London Metal Exchange graph that the 3-month bid price and the 3-month offer price escalated by US$68.50 per tonne or 3.14 per cent and US$68 tonne or 3.12 per cent, halting at US$2,248.50 per tonne and US$2,249 per tonne, respectively.
The December 24 bid price and the December 24 offer price soared by US$65 per tonne or 2.82 per cent, stopping at US$2,363 per tonne and US$2,368 per tonne.
LME aluminium opening stock discarded 2,950 tonnes or 0.66 per cent, officially resting at 444,625 tonnes. Live warrants stood at 205,825 tonnes, slashing 5,700 tonnes or 2.69 per cent from it. Cancelled warrants halted at 238,800 tonnes, rising by 2,750 tonnes or 1.16 per cent.
LME aluminium 3-month Asian Reference Price clocked at US$2,205.87 per tonne, up US$34.73 per tonne or 1.6 per cent.
SHFE aluminium price
Today, on December 18, the Shanghai Futures Exchange (SHFE) aluminium price chart showed no quantifiable change with the figure stuck at US$2,649 per tonne, recorded last week.
Overnight, the most-traded SHFE 2401 aluminium contract opened at RMB 18860 per tonne, with its low and high at RMB 18775 per tonne and RMB 18950 per tonne before closing at RMB 18915 per tonne, up RMB 175 per tonne or 0.93 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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