Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
AL CIRCLE

LME aluminium cash offer hits $3,070/t as Asian Reference Price & inventories fall

EDITED BY : 2MINS READ

LME aluminium cash offer hits $3,070/t as Asian Reference Price & inventories fall

On February 23, the week started with a rise in the London Metal Exchange (LME) aluminium price. However, the 3-month Asian Reference Price reflected a downturn in the price with the opening of the week and the previous day’s close. The LME inventory also declined, while the alumina platts price remained the same from the previous close. 

{alcircleadd}

The LME cash bid inched up by USD 16 per tonne or 0.5 per cent, shifting from USD 3,052 per tonne to USD 3,068 per tonne. The LME cash offer also showed an increase of USD 17 per tonne or 0.6 per cent, reaching USD 3,070 per tonne from USD 3,053 per tonne. 

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

A similar trend followed the forward contracts, where the LME 3-month bid and offer inched up by USD 18 per tonne or 0.6 per cent. The bid changed from USD 3,078 per tonne to USD 3,096 per tonne. After this, the 3-month offer settled at USD 3,097 per tonne, which on the previous day was recorded at USD 3,079 per tonne. 

Looking at the futures contract, the LME December 27 bid and offer showed a slight change of USD 1 per tonne or 0.03 per cent. In this scenario, the bid inched up from USD 3,042 per tonne to USD 3,043 per tonne and the offer from USD 3,047 per tonne to USD 3,048 per tonne. 

Must read: Key industry individuals share their thoughts on the trending topics

A reverse movement is witnessed in the 3-month Asian Reference Price, which declined from the last day, reflecting a difference of USD 13 per tonne or 0.42 per cent and is currently at USD 3,089.5 per tonne from USD 3,102.5 per tonne. 

At the inventory level, the LME opening stock changed by 2,000 tonnes or 0.42 per cent from 475,550 tonnes to 473,550 tonnes. At the same time, both the live warrants and cancelled warrants changed by 1,000 tonnes or 0.2 per cent and each stood at 422,225 tonnes and 51,325 tonnes from 423,225 tonnes and 52,325 tonnes, respectively.

There is no change witnessed in the LME alumina platts price from the last day and it is still at USD 306.97 per tonne.  

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

Google Preferred Source


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle News App
AL Biz App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.