The London Metal Exchange (LME) aluminium prices declined across cash, three-month and December 27 contracts on November 6 compared with the previous trading day, November 5.
On November 6, the LME aluminium cash bid price stood at USD 3,115 per tonne, down 1.42 per cent from USD 3,160 per tonne on November 5. The cash offer price declined by 1.30 per cent to USD 3,117 per tonne from USD 3,158 per tonne.
Similarly, the LME aluminium three-month bid price decreased by 1.55 per cent to USD 3,049 per tonne on November 6 from USD 3,097 per tonne on November 5. The three-month offer price fell by 1.53 per cent to USD 3,050 per tonne from USD 3,097.5 per tonne.
The December 27 bid price dropped by 1.57 per cent to USD 2,950 per tonne on November 6 from USD 2,997 per tonne on November 5. Meanwhile, the December 27 offer price declined by 1.57 per cent to USD 2,955 per tonne from USD 3,002 per tonne.
The LME aluminium three-month Asian Reference Price stood at USD 3,062.5 per tonne on November 6.
LME aluminium opening stocks stood at 228,475 tonnes on November 6, down 275 tonnes or 0.12 per cent from 228,750 tonnes recorded on November 5.
Live warrants declined by 0.24 per cent to 210,600 tonnes on November 6 from 211,100 tonnes on November 5. Cancelled warrants decreased by 2.16 per cent to 17,000 tonnes from 17,375 tonnes over the same period.
Meanwhile, the LME alumina Platts price stood at USD 398.24 per tonne.