LME aluminium offer price falls 0.57% on May 20; opening stock declines to 340,575t

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The London Metal Exchange aluminium market recorded lower prices across key contracts on May 20 compared with May 19, while warehouse stock levels also declined.

LME aluminium cash bid price stood at USD 3,643 per tonne on May 20, down by 0.57 per cent from USD 3,664 per tonne recorded on May 19. Cash offer price also fell 0.57 per cent to USD 3,644 per tonne from USD 3,665 per tonne.

The LME aluminium three-month bid price declined to USD 3,589 per tonne on May 20 from USD 3,611 per tonne on May 19, marking a decrease of 0.61 per cent. The three-month offer price also slipped 0.61 per cent to USD 3,590 per tonne from USD 3,612 per tonne.

For the December 2027 contract, the bid price edged down to USD 3,192 per tonne on May 20 compared with USD 3,193 per tonne on May 19, a marginal decline of 0.03 per cent. The December 2027 offer price also eased 0.03 per cent to USD 3,197 per tonne from USD 3,198 per tonne.

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LME aluminium three-month Asian Reference Price stood at USD 3,622.5 per tonne on May 20.

Meanwhile, LME aluminium opening stock declined to 340,575 tonnes on May 20 from 341,775 tonnes on May 19, reflecting a fall of 0.35 per cent. Live warrants increased by 0.93 per cent to 273,775 tonnes from 271,250 tonnes, while cancelled warrants dropped 5.23 per cent to 65,700 tonnes from 69,325 tonnes.

LME alumina Platts price stood at USD 309.52 per tonne.

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