Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
AL CIRCLE

LME aluminium extends bearish momentum as cash offer settles at $ 3,559/t

EDITED BY : 3MINS READ

LME aluminium extends bearish momentum as cash offer settles at $ 3,559/t

Stock image for referential purposes only

The downward movement in the London Metal Exchange (LME) aluminium price continued on May 7 after the previous day's close. The LME inventory also declined, but only the live warrants showed no change from the previous day.

{alcircleadd}

The LME cash bid inched down further from USD 3,596 per tonne on May 6 to USD 3,558.5 per tonne on May 7, owing to a difference of USD 37.5 per tonne or 1 per cent. Concurrently, the LME cash offer on May 6 settled at USD 3,597 per tonne, but on May 7, it was at USD 3,559 per tonne, reflecting a shift of USD 38 per tonne or 1.1 per cent.

Don’t miss out- Buyers are looking for your products on our B2B platform

The declining trend continued in the LME 3-month bid and offer, where both showed a difference of USD 35.5 per tonne or 1 per cent from the previous close. To this, the 3-month bid moved from USD 3,544.5 per tonne to USD 3,509 per tonne and offer from USD 3,545.5 per tonne to USD 3,510 per tonne.

At the same time, on May 7, both the LME longer-dated contracts declined by USD 15 per tonne or 0.5 per cent, where the LME December 27 bid was recorded at 3,125 per tonne, changing from USD 3,140 per tonne and the December 27 offer was at USD 3,130 per tonne, from USD 3,145 per tonne.

Check out the forecast of the global bauxite and alumina market till 2036, book the report “Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook

On May 7, the LME Asian Reference Price decreased to USD 3,493 per tonne from USD 3,522.5 per tonne, inching down by USD 29.5 per tonne or 1 per cent.

On the inventory side, the opening stock further moved down by 2,500 tonnes or 0.7 per cent, where on May 7 it was at 360,225 tonnes and on May 6 it was at 362.725 tonnes. Simultaneously, the cancelled warrant declined by 2,000 tonnes or 7 per cent, shifting from 28,500 tonnes on May 6 to 26,500 tonnes on May 7.

For forward-thinking aluminium market insights amidst supply chain and price challenges, read "ALuminium LeaderSpeak 2026."

However, on May 7, the LME live warrant showed no change and is still at 331,725 tonnes.

The LME alumina platts changed from USD 308 per tonne to USD 307.15 per tonne, owing to a difference of USD 0.85 per tonne or 0.3 per cent.

Trading aluminium across borders? Find out the exact cost you need to bear for the embedded carbon in the product by using this CBAM calculator.

Google Preferred Source

Last updated on : 08 MAY 2026

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : 3MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle News App
AL Biz App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.