The close of June 9 witnessed the London Metal Exchange (LME) aluminium prices continuing to slip across all categories in aluminium prices, contracts, as well as stocks. Stability was noted only in live warrants and the alumina platts price.
The LME aluminium cash bid price dropped by 1.69 per cent, down from USD 3,669 per tonne on June 8 to USD 3,607 per tonne on June 9. The offer price shifted from USD 3,669.5 per tonne to USD 3,608 per tonne, declining 1.68 per cent day-on-day.
On June 9, the LME aluminium three-month bid price shifted from USD 3,600 per tonne on June 8 to USD 3,585 per tonne, marking a 0.42 per cent difference. The offer price eased by 0.4 per cent, moving from USD 3,600.5 per tonne to USD 3,586 per tonne.
The downward trend was present in the longer-dated contracts as well. Both the Dec-27 bid and offer prices recorded about a 0.53 per cent decline over the previous session. The bid, down from USD 3,228 per tonne, closed at USD 3,245 per tonne, and the offer dropped from USD 3,233 per tonne to USD 3,250 per tonne.
The LME aluminium three-month Asian Reference Price continued to decrease, closing at USD 3,547.5 per tonne on June 9, down 1.57 per cent from USD 3,604 per tonne on June 8.