The London Metal Exchange (LME) aluminium price graph continues to drop nearly 1 per cent across the pricing and contract segments in the September 29 trading session, reporting declines over the September 28 close. Opening stocks hold firm and cancelled warrants report a rise.
The LME aluminium cash bid and offer prices dipped by 0.71 per cent day-on-day. The bid contracted from USD 3,248 per tonne to USD 3,225 per tonne. The offer price moved from USD 3,248.5 per tonne to USD 3,225.5 per tonne.
Both the December 27 bid and offer prices reported a 0.54 per cent decline. The bid slipped to USD 3,163 per tonne from USD 3,180 per tonne, and the offer closed at USD 3,168 per tonne, decreasing from USD 3,185 per tonne.