Three-month LME aluminium rose to US$2,413.5/t on Thursday; SHFE aluminium gained 2.33%

Three-month LME aluminium rose 0.56% to close at US$2,413.5 per tonne on Thursday. Aluminium stocks increased 56,350 tonnes and Klang inventory grew 61,150 tonnes, and the upward pressure appeared, SMM reported. The contract is likely to trade between US$2,400-2,430 per tonne today.

As of Thursday April 29, LME aluminium cash (bid) price stands at US$ 2432 per tonne, LME official settlement price stands at US$ 2432 per tonne; 3-months bid price stands at US$ 2429.50 per tonne, 3-months offer price is US$ 2429.50 per tonne; Dec 22 bid price stands at US$ 2432.50 per tonne, and Dec 22 offer price stands at US$ 2432.50 per tonne.

The LME aluminium opening stock stood at 1838950 tonnes. Live Warrants totalled 1245350 tonnes, and Cancelled Warrants were 593600 tonnes.

LME aluminium 3-months Asian Reference Price is hovering at US$ 2426.17 per tonne.

SHFE Aluminium Price Trend

Benchmark aluminium price for SHFE increased to stand at US$ 2916 per tonne on Friday, 30 April 2021.

The most-liquid SHFE 2106 aluminium contract finished the day 2.33% higher at RMB18,865 per tonne on Thursday. The contract rose 0.69% to settle at RMB18,870 per tonne on Thursday night, and is likely to trade between 18,700-19,000 today.