The London Metal Exchange (LME) aluminium prices made a modest recovery on June 22. Cash price and futures contracts improved over the previous session’s figures, while the continued decline of opening stocks indicated market volatility.
On June 22, the LME aluminium cash bid price edged up from USD 3,399 per tonne to USD 3,403 per tonne, reporting a 0.12 per gain. The offer price moved from USD 3,400 per tonne to USD 3,405 per tonne, rising by 0.15 per cent.
The LME aluminium three-month contract bid surged from USD 3,397.5 per tonne to USD 3,405 per tonne, gaining 0.22 per cent. The offer price rose from USD 3,398 per tonne to USD 3,406 per tonne, marking a 0.24 per cent increase.
Longer-dated contracts reported recovery as well. Both the December 2027 bid price inched up by 0.16 per cent on June 22. The bid shifted from USD 3,175 per tonne to USD 3,180 per tonne, as the offer price improved from USD 3,180 per tonne to USD 3,185 per tonne.
The LME aluminium three-month Asian Reference Price stood at USD 3,364 per tonne on June 22, compared to USD 3,396.5 per tonne on June 19, indicating a slip of 0.96 per cent.