LME aluminium saw a firm uptick on November 28 across cash, 3-month and December 2026 contracts, while exchange inventories posted a mild decline.
On November 28, the LME aluminium cash bid price stood at USD 2,825 per tonne, rising 0.77 per cent from USD 2,803.5 per tonne on November 27. The cash offer price increased 0.78 per cent to USD 2,826 per tonne, compared with USD 2,804 per tonne a day earlier.
The 3-month bid price climbed 0.80 per cent, reaching USD 2,850 per tonne on November 28 from USD 2,827.5 per tonne on November 27. The 3-month offer price rose 0.85 per cent to USD 2,852 per tonne, up from USD 2,828 per tonne previously.
Prices for the longer-dated contract also strengthened, with the December 2026 bid price increasing 0.87 per cent to USD 2,887 per tonne, compared with USD 2,862 per tonne on November 27. The December 2026 offer price advanced 0.87 per cent as well, moving to USD 2,892 per tonne from USD 2,867 per tonne.
The LME aluminium 3-month Asian Reference Price on November 28 stood at USD 2,868 per tonne.
Stock levels eased slightly, with LME aluminium opening stock falling 0.37 per cent to 539,050 tonnes on November 28 from 541,050 tonnes a day earlier. Live warrants remained unchanged at 485,575 tonnes, while cancelled warrants declined 3.61 per cent from 55,475 tonnes to 53,475 tonnes.
The LME alumina Platts price stood at USD 318.5 per tonne.
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