The London Metal Exchange (LME) aluminium prices closed the week, (Friday, August 15), with a fall across both cash bid price and official settlement price.
The prices dropped by USD 8.5 per tonne or 0.32 per cent to settle at USD 2,599 per tonne and USD 2,600 per tonne. On the same day, 3-month bid price and 3-month offer price moved down by USD 6.5 per tonne or 0.24 per cent to halt at USD 2,601.5 per tonne and USD 2,602 per tonne.
December 26 bid price and December 26 offer price, lost USD 5 per tonne or 0.18 per cent to settle at USD 2,648 per tonne and USD 2,653 per tonne.
LME aluminium 3-month Asian Reference Price dropped by USD 12.5 per tonne or 0.47 per cent to halt at USD 2,607 per tonne.
LME aluminium opening stock came in at 479,550 tonnes, after witnessing a slump of 125 tonnes. Live warrant and Cancelled warrants stood at 465,450 tonnes and 14,100 tonnes.
Alumina platts price
LME alumina (platts) price on the other hand moved up by USD 1.84 per tonne to settle at USD 370.60 per tonne.
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