On December 4, the London Metal Exchange (LME) aluminium price showed no change from the previous day’s close. On the other hand, 3-month prices rose slightly with a decline in the future contracts, but the openning stock and cancelled warrants dipped, but the live warrants held firm.
The LME cash bid and offer price showed no change on December 4 in comparison to December 3 and each settled at USD 2,853 per tonne and USD 2,854 per tonne, respectively.
The 3-month bid and offer rose by USD 2 per tonne or 0.1 per cent, where the bid reached USD 2,884 per tonne, up from USD 2,882 per tonne and the offer at USD 2,885 per tonne, up from USD 2,883 per tonne.
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The December 26 bid and offer declined by USD 4 per tonne or 0.14 per cent, where the bid moved from USD 2,917 per tonne to USD 2,913 per tonne and the offer from USD 2,922 per tonne to USD 2,918 per tonne.
On the other hand, the 3-month Asian Reference Price inched up by USD 7 per tonne or 0.24 per cent at USD 2,904 per tonne, up from USD 2,897 per tonne.
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At the inventory front, both the opening stock and the cancelled warrant fell by 2,500 tonnes and each settled at 530,900 tonnes and 45,500 tonnes, respectively. No change has been seen in the live warrants and on December 4, it was recorded at 485,400 tonnes.
The LME alumina platts price on December 4 stood at USD 313.5 per tonne, showing no change from the previous close.
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