Aluminium prices on the London Metal Exchange (LME) edged lower across key contracts on July 17, with spot, 3-month, and December 2026 prices all registering modest declines.
The LME aluminium cash bid price fell to USD 2,556.50 per tonne, marking a USD 11 drop or 0.43 per cent decline from USD 2,567.50 per tonne on July 16. The cash offer settlement price also dipped by 0.43 per cent, from USD 2,568 per tonne to USD 2,557 per tonne.
In the forward market, the 3-month aluminium bid price stood at USD 2,560.50 per tonne, down USD 5.50 or approximately 0.21 per cent from USD 2,566 per tonne a day earlier. The 3-month offer price followed suit, decreasing by 0.23 per cent to USD 2,561 per tonne, compared to USD 2,567 per tonne on July 16.
Longer-dated contracts also recorded a dip. The December 2026 bid price fell to USD 2,598 per tonne, down USD 5 or 0.19 per cent from USD 2,603 per tonne. The offer price also mirrored the decline, slipping from USD 2,608 to USD 2,603 per tonne.
Meanwhile, the LME 3-month Asian Reference Price edged up slightly by USD 0.50 to USD 2,578 per tonne on July 17, compared to USD 2,577.5 on July 16, reflecting a 0.02 per cent increase.
The LME aluminium opening stock also rose by 3,675 tonnes, reaching 427,200 tonnes on July 17, up from 423,525 tonnes the previous day. Live warrants increased by 3,825 tonnes to 419,400 tonnes, while cancelled warrants slipped slightly by 150 tonnes, totalling 7,800 tonnes.
On the other hand, the alumina (Platts) prices remained at USD 366.13 per tonne.
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