Weekly SHFE and LME alumium price review

The most-traded SHFE 2307 aluminium contract opened at 18,650 yuan/mt last Monday June 19 and experienced great volatility on that day, with weekly low and high at 18,350 yuan/mt and 18,660 yuan/mt. The contract closed at 18,390 yuan/mt as of CST 15:00 on Wednesday, the last trading day before the Dragon Boat Festival, down 275 yuan/mt or 1.47% on the week.

LME aluminium opened at $2,268.5/mt last Monday, with its weekly high at $2,272.5/mt before trading at $2,220.5/mt as of CST 15:00 on Friday, down $48/mt or 2.12% on the week.