LME aluminium prices saw minor gains on September 18, while stocks recorded a notable surge.
The LME aluminium cash bid inched up from the previous day by USD 2.5 per tonne or 0.09 per cent and as of Thursday, September 18, it is recorded at USD 2,692.5 per tonne, up from USD 2,690 per tonne. A similar trend is seen in the cash offer price, which also moved up by USD 2 per tonne or 0.07 per cent, to USD 2,693 per tonne from USD 2,691 per tonne.
No change is seen in the 3-month bid price and is settled at USD 2,683 per tonne. However, a slight change has been seen in the 3-month offer price, which climbed by USD 1.5 per tonne or 0.06 per cent, up from USD 2,683.5 per tonne to USD 2,685 per tonne.
Both the December 26 bid and offer price showed a positive upward trend by USD 3 per tonne or 0.11 per cent, where each settled at USD 2,720 per tonne and USD 2,725 per tonne, respectively.