On Thursday, March 30th, the LME aluminium began trading at US$2,380.5 per tonne, reaching a high of US$2,400 per tonne and a low of US$2,369.5 per tonne before closing at US$2,386.5 per tonne, showing a slight increase of US$3.5 per tonne or 0.15 per cent.
The LME aluminium cash bid price and official settlement price dropped on Wednesday, March 29th, by US$22 per tonne or 0.93 per cent, closing at US$2,343.50 per tonne and US$2,344 per tonne, respectively.
The 3-month bid price and offer price both fell on March 29th, by US$23.50 per tonne or 0.97 per cent and US$22 per tonne or 0.91 per cent, respectively, reaching US$2,386 per tonne and US$2,388 per tonne. On December 24th, the bid price and offer price both closed at US$2,577 per tonne and US$2,582 per tonne, respectively, with a decrease of US$16 per tonne or 0.61 per cent.
The LME aluminium opening stock decreased by 3,900 tonnes or 0.74 per cent, from 529,175 tonnes to 525,275 tonnes, on March 29th. Live warrants remained at 431,825 tonnes, with no significant change from the previous day. Cancelled warrants decreased by 3,900 tonnes or 4 per cent, to reach 93,450 tonnes.
The 3-month Asian Reference Price closed at US$2,377.29 per tonne on March 29th, with a slight decrease of US$0.15 per tonne or 0.01 per cent.
On March 31st, the SHFE aluminium benchmark price rose to US$2,727 per tonne, showing an increase of US$24 per tonne or 0.89 per cent. On the previous day, the most-traded SHFE 2305 aluminium contract opened at RMB 18,735 per tonne, with a low of RMB 18,685 per tonne and a high of RMB 18,770 per tonne before closing at RMB 18,715 per tonne, representing an increase of RMB 20 per tonne or 0.11 per cent. The same contract closed at RMB 18,695 per tonne, up by 0.03 per cent or RMB 50 per tonne, with open interest down by 205 lots to 219,007 lots.