After three consecutive days of decline from Monday to Wednesday, LME aluminium prices rebounded on Thursday, August 21, rising by USD 4 per tonne (0.15 per cent) and USD 3.5 per tonne (0.13 per cent).
Why did the price increase?
The growth was supported by expectations of stronger demand from the top consumer, China. Market participants also kept a close watch on US Federal Reserve Chair Jerome Powell’s upcoming speech for cues on the policy outlook. According to analysts at broker Guosen Futures, anticipation of a seasonal demand recovery next month may have further lifted aluminium prices. Earlier in the week, efforts to broker an end to the geopolitical crisis had raised hopes of increased supply from Russia, putting downward pressure on aluminium prices at that time.
LME price
Both the cash bid price and official settlement price closed at USD 2,570 per tonne and USD 2,570.5 per tonne.
3-month bid price and 3-month offer price also went up by USD 3.5 per tonne or 0.13 per cent to halt at USD 2,571 per tonne and USD 2,571.5 per tonne.
Get more industry insights from - Global Aluminium Industry Outlook 2025
December 26 bid price and December 26 offer price inched up by USD 1 per tonne or 0.03 per cent to settle at USD 2,623 per tonne and USD 2,628 per tonne.
LME aluminium 3-month Asian Reference Price gained USD 8.5 per tonne or 0.32 per cent to arrive at USD 2,585 per tonne.
LME aluminium opening stock halted at 465,475 tonnes. Live warrants and Cancelled warrants arrived at 479,525 tonnes and 14050 tonnes.
Also Read: LME aluminium dips 0.21% as stronger supply outweighs demand support
Alumina price
The alumina price has remained unchanged at USD 370.60 per tonne.
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