Industry News

LME aluminium slackens by US$3.5/t, up US$200/t M-o-M; SHFE adds 1.09% after Qingming Festival

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Update time : 2024-04-08 17:03:19
LME aluminum opened at US$2,435 per tonne last Friday, with its high and low at US$2,455.50 per tonne and US$2,418.50 per tonne respectively before closing at US$2,451 per tonne, an increase of US$6 per tonne or 0.25 per cent. 

The London Metal Exchange graph registered slightly declining prices on April 5, last Friday, with the LME aluminium cash bid and the LME aluminium official price losing US$3.50 per tonne or 0.15 per cent to close at US$2,390.50 per tonne and US$2,391 per tonne, respectively. On a Month-on-Month scale, there has been a rise of US$200 per tonne, or 9.12 per cent, from US$2,191 per tonne recorded on March 5. 

The LME 3-month bid price and the LME 3-month offer price have marked a decrease of US$7 per tonne or 0.29 per cent, to settle at US$2,432 per tonne and US$2,433 per tonne. 

The LME 25-December bid price and the 25-December offer price have dwindled by US$10 per tonne or 0.38 per cent to officiate at US$2,608 per tonne and US$2,613 per tonne. 

The opening stock has rested at 535,475 tonnes, falling by 1,375 tonne or 0.26 per cent. Live and cancelled stocks parked at 326,200 tonnes and 209,275 tonnes, respectively. 

The LME Asian reference price has negated US$3.68 per tonne or 0.15 per cent to arrive at US$2,441.43 per tonne. 

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