LME aluminium prices showed mixed movement on January 6, while inventories slipped from the previous session.On January 6, the LME aluminium cash bid stood at USD 3,092 per tonne compared with USD 3,021.5 per tonne on January 5, a gain of USD 70.5, equal to about 2.33 per cent. The cash offer on January 6 was USD 3,093 per tonne, down from USD 3,135 per tonne on January 5, a decline of USD 42, or around 1.34 per cent.

The 3-month bid on January 6 was USD 3,111 per tonne, higher than USD 3,050 per tonne on January 5, up USD 61, or roughly 2 per cent. The 3-month offer rose to USD 3,112 per tonne on January 6 from USD 3,051 per tonne on January 5, also higher by USD 61, or about 2 per cent.

For the December 27 contract, the bid on January 6 stood at USD 3,130 per tonne versus USD 3,073 per tonne on January 5, an increase of USD 57, equal to about 1.86 per cent. The offer on January 6 was USD 3,135 per tonne, up from USD 3,078 per tonne on January 5, higher by USD 57, or around 1.85 per cent.

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The LME aluminium 3-month Asian Reference Price on January 6 stood at USD 3,129 per tonne.

Stocks showed a small decline. LME aluminium opening stock on January 6 came in at 504,250 tonnes, compared with 506,750 tonnes on January 5, down 2,500 tonnes, equal to about 0.49 per cent. Live warrants on January 6 stood at 446,475 tonnes, compared with 447,475 tonnes on January 5, a fall of 1,000 tonnes, or nearly 0.22 per cent. Cancelled warrants on January 6 were 57,775 tonnes, down from 59,275 tonnes on January 5, lower by 1,500 tonnes, or about 2.53 per cent.

The LME alumina Platts price stood at USD 303.14 per tonne.

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