LME aluminium price rises to $3,019/t as contracts, opening stocks dip on October 19
Stock image for referential purposes only
The London Metal Exchange (LME) aluminium price chart continued to report gains over the October 15 close across the pricing segment on the October 19 trading session. Near-term and long-term contracts, however, registered an eased trend.
The LME aluminium cash bid jumped from USD 3,013 per tonne to USD 3,018.5 per tonne, rising 0.18 per cent. The offer price moved from USD 3,014 per tonne to USD 3,019 per tonne, up 0.17 per cent day-on-day.
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 contracted by 0.05 per cent to USD 3,010 per tonne from USD 3,011.5 per tonne. Meanwhile, the offer price reported no change from USD 3,012 per tonne.
Both the December 27 bid and offer prices reported a 0.24 per cent drop. The bid slipped to USD 2,968 per tonne from USD 2,975 per tonne, and the offer closed at USD 2,973 per tonne, down from USD 2,980 per tonne.
Explore primary aluminium suppliers, product listings and trade opportunities on the AL Biz platform.
The LME aluminium three-month Asian Reference Price reported a drastic 2.69 per cent decline from USD 3,100 per tonne on October 15 and closing at USD 3,016.5 per tonne on October 19.
On the aluminium inventory front, the LME aluminium opening stocks dipped from 238,125 tonnes to 237,875 tonnes, representing a 0.11 per cent fall.
Live warrants, for three consecutive sessions so far, remained stable at 221,350 tonnes.
Cancelled warrants continued to improve and closed at 15,025 tonnes marking a gain over 16,525 tonnes by 9.08 per cent.
LME alumina Platts price closed at USD 384.27 per tonne on October 19.
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
