London Metal Exchange (LME) aluminium prices softened on August 8 from the previous session, while stocks posted a marginal rise.
The LME aluminium cash bid price fell to USD 2,608.50 per tonne on August 8, down 0.31 per tonne from USD 2,616.50 per tonne, and the cash offer slipped to USD 2,609 per tonne, down 0.31 per cent from USD 2,617 per tonne.
The 3-month bid of LME aluminium declined to USD 2,610 per tonne down 0.27 per cent from USD 2,617 per tonne while the 3-month cash price eased to USD 2,610.50 per tonne down 0.32 per cent from USD 2,619 per tonne.
Forward contracts also weakened, with the December 2026 bid price down to USD 2,658 per tonne a drop of 0.45 per cent from USD 2,670 per tonne and the offer at USD 2,663 per tonne down 0.45 per cent from USD 2,675 per tonne.
The 3-month Asian Reference Price edged down to USD 2,609 per tonne 0.04 per cent lower than USD 2,610 per tonne.
On the inventory side, opening stocks rose to 470,575 tonnes, up 0.23 per cent from 469,500 tonnes.
Live warrants increased to 456,350 tonnes, up 0.24 per cent from 455,275 tonnes, while cancelled warrants were unchanged at 14,225 tonnes.
The Platts alumina price stood at USD 372.43 per tonne.
Also read: World Recycled ALuminium Market Analysis Industry forecast to 2032
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