Industry News

LME aluminium benchmark price closes the week with a hike of US$23.5/t; SHFE price loses US$7/t

Views : 129
Update time : 2024-01-30 17:04:42
LME aluminium opened at US$2,234.0 per tonne last Friday, with its high and low at US$2,283.0 per tonne and US$2,233.5 per tonne, respectively, before closing at US$2,258.0 per tonne, up by US$26.0 per tonne or 1.16 per cent.
On Friday, January 26, both LME aluminium cash bid price and LME aluminium official settlement price gained US$23.5 per tonne or 1.07 per cent to settle at US$2,211.50 per tonne and US$2,212 per tonne.

LME aluminium 3-month bid price and 3-month offer price ascended by US$21 per tonne or 0.94 per cent and US$20 per tonne or 0.89 per cent to peg at US$2,249 per tonne and US$2,250 per tonne. December 25 bid price and December 25 offer price hiked by US$23 per tonne to reside at US$2,493 per tonne and US$2,498 per tonne.

LME aluminium opening stock came in at 546250 tonnes. Live warrants and Cancelled warrants 346050 tonnes and 200200 tonnes. LME aluminium 3-month Asian Reference Price surged by US$23.14 per tonne or 1.04 per cent to peg at US$2,240.12 per tonne.

Related News
Read More >>
ASI certifies MinTa Aluminum Technology against Performance Standard V3 ASI certifies MinTa Aluminum Technology against Performance Standard V3
Jun .09.2025
ASI certifies MinTa Aluminum Technology against Performance Standard V3
Rio Tinto seeks government salvation for Tomago Smelter as energy costs keep surging Rio Tinto seeks government salvation for Tomago Smelter as energy costs keep surging
Jun .09.2025
Rio Tinto seeks government salvation for Tomago Smelter as energy costs keep surging
Mining and downstream investments pillars of economic growth in Ketapang Mining and downstream investments pillars of economic growth in Ketapang
Jun .09.2025
Mining and downstream investments pillars of economic growth in Ketapang
The alumina fundamentals are relatively loose, and the spot price may remain in the doldrums in the short term The alumina fundamentals are relatively loose, and the spot price may remain in the doldrums in the short term
Jun .09.2025
The alumina fundamentals are relatively loose, and the spot price may remain in the doldrums in the short term