LME aluminium prices edged lower on October 15, with cash and futures contracts weakening. The Asian Reference Price was little changed, while exchange inventories recorded modest declines. Alumina Platts prices continued to climb.
The cash bid slipped 0.31 per cent to USD 2,998.5 per tonne from USD 3,008 per tonne on October 14. The cash offer fell 0.36 per cent to USD 2,999 per tonne from USD 3,010 per tonne.
Three-month aluminium prices saw a sharper decline. Both the he bid and offer prices dropped 0.63 per cent. The bid was at USD 2,994 per tonne on October 15 from USD 3,013 per tonne previously, while the offer was USD 2,994.5 per tonne from USD 3,013.5 per tonne previously.
The December 2027 contract also moved lower. The bid declined 0.30 per cent to USD 2,958 per tonne from USD 2,967 per tonne. The offer price also fell 0.30 per cent to USD 2,963 per tonne from USD 2,972 per tonne.
The Asian Reference Price stood at USD 2,987 per tonne from USD 2,987.5 per tonne.
LME aluminium opening stocks fell 0.10 per cent to 238,375 tonnes from 238,625 tonnes. Live warrants decreased 0.09 per cent to 221,350 tonnes from 221,550 tonnes, while cancelled warrants edged down 0.30 per cent to 16,775 tonnes from 16,825 tonnes.
Alumina Platts prices rose to USD 384 per tonne on October 15.