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.
