Weekly LME and SHFE Aluminium Price Review (Apr 24-28, 2023)

SHANGHAI, May 4 (SMM) – The most-traded SHFE 2306 aluminium contract climbed to 19,030 yuan/mt last Monday after opening at 18,960 yuan/mt, but moved all the way down in the following days, hitting a weekly low of 18,325 yuan/mt on Thursday before closing at 18,470 yuan/mt as of CST 15:00 on Friday, down 517 yuan/mt or 2.72% on the week.

LME aluminium opened at $2,399/mt last Monday, with its weekly low and high at $2,292/mt and $2,400/mt respectively before trading at $2,316/mt as of CST 15 on Friday, down $83/mt or 3.46% on the week.