Industry News

LME aluminium benchmark price inches up by US$1/t to US$2,184.5/t; SHFE price hikes by US$24/t

Views : 170
Update time : 2024-02-08 16:32:19
LME aluminium opened at US$2,206 per tonne on Tuesday, with its low and high at US$2,203 per tonne and US$2,242 per tonne, respectively, before closing at US$2,229 per tonne, up 1.11 per cent.
On Tuesday, February 6, both LME aluminium cash bid price and LME aluminium official settlement price inched up by US$1 per tonne or 0.04 per cent to settle at US$2,184 per tonne and US$2,184.50 per tonne.

3-month bid price and 3-month offer price moved up by US$1 per tonne or 0.04 per cent and US$1.5 per tonne or 0.06 per cent to halt at US$2,220 per tonne and US$2,221 per tonne. As per the London Metal Exchange (LME) price graph, December 25 bid price and December 25 offer price added US$5 per tonne or 0.20 per cent to clock at US$2,450 per tonne and US$2,455 per tonne.

On the same day, LME aluminium opening stock came in at 526750 tonnes. Live warrants and Cancelled warrants arrived at 318600 tonnes and 208150 tonnes. LME aluminium 3-month Asian Reference Price dropped by US$17.58 per tonne or 0.78 per cent to peg at US$2,213.44 per tonne.

Related News
Read More >>
Emirates Global Aluminium hits 50 million ton production milestone Emirates Global Aluminium hits 50 million ton production milestone
Nov .21.2025
Emirates Global Aluminium hits 50 million ton production milestone
China's iron ore output falls in Oct, supporting prices China's iron ore output falls in Oct, supporting prices
Nov .21.2025
China's iron ore output falls in Oct, supporting prices
Baogang Steel successfully trial-rolls stainless steel wire rods Baogang Steel successfully trial-rolls stainless steel wire rods
Nov .21.2025
Baogang Steel successfully trial-rolls stainless steel wire rods
Global primary aluminum market has supply shortage in Sep Global primary aluminum market has supply shortage in Sep
Nov .21.2025
Global primary aluminum market has supply shortage in Sep