LME aluminium prices edged lower on June 25 compared with June 24, with both cash and three-month contracts recording modest declines. Meanwhile, LME warehouse stocks continued to fall, while live warrants remained unchanged.
The LME cash bid price slipped to USD 3,130 per tonne on June 25 from USD 3,148 per tonne on June 24, marking a decline of 0.57 per cent. The cash offer price also eased by 0.57 per cent to USD 3,132 per tonne from USD 3,150 per tonne.
Three-month aluminium prices followed a similar trend. The three-month bid fell from USD 3,160 per tonne to USD 3,144 per tonne, representing a decrease of 0.51 per cent, while the offer price declined from USD 3,160.50 per tonne to USD 3,146 per tonne, down 0.46 per cent.
Longer-dated contracts moved slightly higher. The December 2027 bid increased from USD 3,038 per tonne to USD 3,043 per tonne, while the offer price rose from USD 3,043 per tonne to USD 3,048 per tonne, with both recording an increase of around 0.16 per cent.
In contrast, the Asian reference price climbed to USD 3,164.50 per tonne on June 25 from USD 3,122.50 per tonne a day earlier, reflecting an increase of 1.35 per cent.
LME aluminium inventories continued their downward trend. Opening stocks fell by 1,500 tonnes to 310,225 tonnes from 311,725 tonnes, a decline of 0.48 per cent. Live warrants remained unchanged at 247,575 tonnes.
Meanwhile, cancelled warrants decreased to 60,650 tonnes from 62,650 tonnes, marking a drop of 3.19 per cent.
The LME alumina Platts price remained unchanged at USD 307.33 per tonne, indicating stability in the alumina market despite the softer movement in aluminium prices.