LME aluminium prices declined on February 17 compared to the previous session, while warehouse stocks also registered a drop, accompanied by a rise in cancelled warrants. On February 17, the LME aluminium cash bid price stood at USD 3013.5 per tonne and the cash offer price at USD 3014 per tonne, down from USD 3037 per tonne and USD 3037.5 per tonne on February 16. This marks a decline of 0.77 per cent in the cash bid and 0.77 per cent in the cash offer day-on-day.

The three-month aluminium contract also softened. On February 17, the three-month bid price was USD 3046 per tonne and the offer price USD 3047 per tonne, compared with USD 3072 per tonne and USD 3074 per tonne, respectively, on February 16. The three-month bid fell by 0.85 per cent, while the offer declined by 0.88 per cent.

For the December 27 contract, the bid price on February 17 stood at USD 3042 per tonne and the offer at USD 3047 per tonne, versus USD 3068 per tonne and USD 3073 per tonne on February 16. This represents a 0.85 per cent drop in both prices.

To know more about the global primary aluminium industry 2026 outlook, book the report “Global ALuminium Industry Outlook 2026”

The LME aluminium three-month Asian Reference Price was recorded at USD 3035 per tonne on February 17.

On the inventory front, LME aluminium opening stocks decreased to 477,550 tonnes on February 17 from 479,550 tonnes on February 16, reflecting a decline of 0.42 per cent.

Live warrants fell from 436,425 tonnes to 424,225 tonnes, a sharper drop of 2.80 per cent. In contrast, cancelled warrants increased from 43,125 tonnes to 53,325 tonnes, marking a rise of 23.66 per cent.

Meanwhile, the LME alumina Platts price stood at USD 306.93 per tonne.

Don’t miss out- Buyers are looking for your products on our B2B platform