LME aluminium price drops nearly 1%; stocks hold firm at 241,375t on September 29
Stock image for referential purposes only
The London Metal Exchange (LME) aluminium price graph continues to drop nearly 1 per cent across the pricing and contract segments in the September 29 trading session, reporting declines over the September 28 close. Opening stocks hold firm and cancelled warrants report a rise.
The LME aluminium cash bid and offer prices dipped by 0.71 per cent day-on-day. The bid contracted from USD 3,248 per tonne to USD 3,225 per tonne. The offer price moved from USD 3,248.5 per tonne to USD 3,225.5 per tonne.
Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook
The LME aluminium three-month bid slumped from USD 3,251.5 per tonne to USD 3,231 per tonne, decreasing by 0.63 per cent. The offer price plunged from USD 3,252 per tonne to USD 3,232 per tonne, representing a 0.62 per cent dip.
Both the December 27 bid and offer prices reported a 0.54 per cent decline. The bid slipped to USD 3,163 per tonne from USD 3,180 per tonne, and the offer closed at USD 3,168 per tonne, decreasing from USD 3,185 per tonne.
Explore primary aluminium suppliers, product listings and trade opportunities on the AL Biz platform.
The LME aluminium three-month Asian Reference Price closed at USD 3,214 per tonne on September 29.
On the aluminium inventory front, the LME aluminium opening stocks remained unchanged at 241,375 tonnes on September 29.
Live warrants reported fell further from 226,825 tonnes to 226,675 tonnes, down 0.07 per cent.
Cancelled warrants continued to surge, rising from 14,550 tonnes to 14,700 tonnes, representing a 1.03 per cent gain.
LME alumina Platts stood at USD 355.07 per tonne on September 29.
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.
Grow with
AL Circle
