LME aluminium cash bid rises to $3,032.50/t as alumina prices climb 1.60%

LME aluminium cash prices edged higher on October 22, while three-month and December 2027 contracts moved lower. The Asian Reference Price also declined, whereas alumina Platts prices posted a stronger gain. Exchange stocks recorded small changes, with live warrants remaining stable.

On October 22, the cash bid increased 0.08 per cent to USD 3,032.50 per tonne from USD 3,030 per tonne. The cash offer rose 0.07 per cent to USD 3,033 per tonne, which was USD 3,031 per tonne previously.

Three-month aluminium prices weakened, with the bid falling 0.55 per cent to USD 3,007.50 per tonne from USD 3,024 per tonne. The offer decreased 0.54 per cent to USD 3,008 per tonne from USD 3,024.50 per tonne.

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The December 2027 contract also slipped. Both its bid and offer price declined 0.84 per cent. The bid stood at USD 2,953 per tonne from USD 2,978 per tonne, while the offer was at USD 2,958 per tonne from USD 2,983 per tonne.

The Asian Reference Price dropped 1.05 per cent to USD 3,009.50 per tonne from USD 3,041.50 per tonne.

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LME aluminium opening stocks decreased 0.04 per cent to 236,125 tonnes on October 22 from 236,225 tonnes. Live warrants remained unchanged at 221,350 tonnes, while cancelled warrants fell 0.68 per cent to 14,675 tonnes from 14,775 tonnes.

Alumina Platts prices rose 1.60 per cent to USD 390.40 per tonne from USD 384.27 per tonne.