The London Metal Exchange (LME) aluminium price chart reported declines on the November 10 trading session after a temporary surge at the November 9 close. Both near-term and longer-dated contracts posted over 1 per cent dip over the previous session.
The LME aluminium cash bid as well as offer prices contracted 0.32 per cent day-on-day on November 10. The bid shifted from USD 3,145 per tonne to USD 3,135 per tonne. The offer price dipped from USD 3,147 per tonne to USD 3,137 per tonne.
The LME aluminium three-month bid price reported a 1.11 per cent decline from USD 3,059 per tonne on November 9 to USD 3,025 per tonne on November 10. The offer price decreased by 1.06 per cent from USD 3,059.5 per tonne to USD 3,027 per tonne.
Both the December 27 bid and offer prices reported a 1.12 per cent slump over the previous session. The bid contracted from USD 2,935 per tonne to USD 2,902 per tonne, and the offer eased from USD 2,940 per tonne to USD 2,907 per tonne.
The LME aluminium three-month Asian Reference Price closed at USD 3,010.5 per tonne on November 10.
The LME aluminium opening stocks slipped by 0.27 per cent from 227,600 tonnes to 226,975 tonnes. Live warrants remained stable at 207,525 tonnes on November 10.
Cancelled warrants dropped to 19,325 tonnes from 19,450 tonnes, indicating a 0.64 per cent difference.
LME alumina Platts price was almost unchanged at USD 398.23 per tonne on November 10.