LME aluminium prices declined across cash, three-month and December 27 contracts on October 13 compared with October 12, with losses ranging from 0.62 per cent to 0.93 per cent. Meanwhile, opening stocks edged lower by 250 tonnes, while live and cancelled warrants remained unchanged.
On October 13, the LME aluminium cash bid price stood at USD 3,035.5 per tonne, down 0.62 per cent from USD 3,054.5 per tonne on October 12. The cash offer price decreased by 0.62 per cent to USD 3,036 per tonne from USD 3,055 per tonne.
The LME aluminium three-month bid price fell by 0.72 per cent to USD 3,036 per tonne on October 13 from USD 3,058 per tonne on October 12. The three-month offer price declined by 0.75 per cent to USD 3,037 per tonne from USD 3,060 per tonne over the same period.
Similarly, the December 27 bid price dropped by 0.93 per cent to USD 2,992 per tonne on October 13 from USD 3,020 per tonne on October 12. The December 27 offer price also decreased by 0.93 per cent to USD 2,997 per tonne from USD 3,025 per tonne.
The LME aluminium three-month Asian Reference Price stood at USD 3,039 per tonne on October 13.
LME aluminium opening stocks decreased to 238,625 tonnes on October 13 from 238,875 tonnes on October 12, a decline of 250 tonnes or 0.10 per cent.
Live warrants remained unchanged at 221,550 tonnes, while cancelled warrants held steady at 17,075 tonnes on both dates.
The LME alumina Platts price stood at USD 382.34 per tonne.