London Metal Exchange (LME) aluminium prices rose between August 22 and August 26, supported by firm demand, while stocks showed a marginal decline. Trading was closed on August 25 due to the UK Summer Bank Holiday.
The LME aluminium cash bid price climbed from USD 2,588.5 per tonne on August 22 to USD 2,611 per tonne on August 26, an increase of 0.87 per cent, while the cash offer price rose from USD 2,589 per tonne to USD 2,611.5 per tonne, up 0.87 per cent.
The 3-month bid price advanced 0.79 per cent to USD 2,607 per tonne, compared with USD 2,586.5 per tonne earlier, and the 3-month offer price gained 0.83 per cent to USD 2,609 per tonne from USD 2,587.5 per tonne.
The December 26 bid price moved up to USD 2,655 per tonne from USD 2,637 per tonne, a rise of 0.68 per cent while the offer price increased 0.68 per cent to USD 2,660 per tonne from USD 2,642 per tonne.
The LME aluminium 3-month Asian Reference Price stood at USD 2,638 per tonne on August 26.
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Opening stocks fell slightly by 0.14 per cent, from 478,725 tonnes on August 22 to 478,075 tonnes on August 26. Live warrants remained steady at 465,475 tonnes, while cancelled warrants dropped 4.91 per cent to 12,600 tonnes from 13,250 tonnes.
The LME alumina Platts price was at USD 369.45 per tonne.
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