LME aluminium prices showed limited movement on June 29 compared with June 26, with cash and three-month contracts recording marginal declines. Meanwhile, exchange inventories and cancelled warrants continued to trend lower.
The LME cash bid price eased to USD 3,160 per tonne on June 29 from USD 3,162 per tonne on June 26, marking a slight decline of 0.06 per cent. The cash offer price also edged down by 0.11 per cent to USD 3,160.50 per tonne from USD 3,164 per tonne.
Three-month aluminium prices followed a similar pattern. The three-month bid slipped from USD 3,174 per tonne to USD 3,164 per tonne, a decrease of 0.32 per cent, while the offer price declined from USD 3,176 per tonne to USD 3,166 per tonne, also down 0.31 per cent.
Longer-dated contracts also moved slightly lower. The December 2027 bid declined from USD 3,062 per tonne to USD 3,058 per tonne, representing a fall of 0.13 per cent, while the offer price dropped from USD 3,073 per tonne to USD 3,063 per tonne, down 0.33 per cent.