The London Metal Exchange (LME) aluminium prices continued its decline on Tuesday, August 19, reaching its lowest level in over two weeks, following the US decision to expand the 50 per cent import tariff.
As per the price graph, both cash bid price and official settlement price dropped further by USD 14.5 per tonne or 0.56 per cent and USD 14 per tonne or 0.54 per cent to settle at USD 2,571.5 per tonne and USD 2,572.5 per tonne.
3-month bid price and 3-month offer price also lost USD 9 per tonne or 0.34 per cent to clock at USD 2,573 per tonne and USD 2,574 per tonne.
December 26 bid price and December 26 offer price dropped to USD 2,623 per tonne and USD 2,628 per tonne, after clocking a fall of USD 7 per tonne or 0.26 per cent.
LME aluminium 3-month Asian Reference Price dwindled by USD 25 per tonne or 0.96 per cent to halt at USD 2,563.50 per tonne.
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LME aluminium opening stock came in at 479,525 tonnes. Live warrants and Cancelled warrants settled at 465,475 tonnes and 14050 tonnes.
Alumina (platts)
The alumina platts price inched up by USD 0.86 per tonne to come in at USD 370.98 per tonne.
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