LME aluminium cash price falls to USD 2,622.5/t as opening stock rises 0.64%
London Metal Exchange (LME) aluminium prices recorded a marginal decline on September 24 compared to the previous day, while warehouse stocks rose moderately.
The cash bid price slipped from USD 2,645.5 per tonne on September 23 to USD 2,622.5 per tonne on September 24, down 0.87 per cent, while the cash offer price eased from USD 2,646 to USD 2,623 per tonne, also a 0.87 per cent decline.
Similarly, the three-month contract weakened, with the bid price falling from USD 2,639.5 per tonne to USD 2,624 per tonne, down 0.59 per cent, and the offer price moved down from USD 2,640 to USD 2,625 per tonne, a 0.57 per cent decline.
The December 2026 contract also posted a slight decrease, with the bid price slipping from USD 2,682 per tonne to USD 2,670, down 0.45 per cent, and the offer price from USD 2,687 to USD 2,675, down 0.45 per cent.
Meanwhile, the LME aluminium three-month Asian Reference Price stood at USD 2,651.5 per tonne on September 24.
On the inventory side, LME opening stocks rose from 513,850 tonnes on September 23 to 517,150 tonnes on September 24, up 0.64 per cent.
Live warrants climbed 1.17 per cent to 407,375 tonnes, while cancelled warrants dropped 1.28 per cent to 109,775 tonnes.
The LME alumina Platts price remained unchanged at USD 332.66 per tonne.
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