SHFE aluminium price hits 10-month high following aluminium production outages

The aluminium price on the Shanghai Futures Exchange has remained near 10-month highs this week since it hit 14,395 yuan ($2,038) per tonne on Monday August 19 in reaction to recent aluminium supply disruptions.

Aluminium’s most-traded October contract closed at 14,395 yuan per tonne on Monday, the highest since October 10, 2018, when it closed at 14,400 yuan per tonne. The most-traded aluminium contract closed at 14,340 yuan per tonne on Thursday, down by 55 yuan from Monday but 10 yuan higher than the day before. “Aluminium’s good performance may last for a while, benefiting from several production cuts,”...

Published

Hui Li

August 22, 2019

14:10 GMT

Shanghai