The London Metal Exchange (LME) aluminium price on February 19 dipped from the previous close, including the 3-month Asian Reference Price. However, there has been no change in the LME inventory from yesterday’s close. 

Both the LME cash bid and offer declined by USD 9 per tonne or 0.3 per cent, where the bid moved down from USD 3,034.5 per tonne to USD 3,025.5 per tonne. Similarly, the cash offer shifted from USD 3,035 per tonne to USD 3,026 per tonne. 

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At the futures contract, the LME 3-month bid changed negatively by USD 5 per tonne or 0.2 per cent and finally on February 19, settled at USD 3,055 per tonne from USD 3,060 per tonne. Concurrently, the LME 3-month offer also moved downward by USD 5.5 per tonne or 0.2 per cent, staying at USD 3,055.5 per tonne from USD 3,061 per tonne. 

Concerning the December 27 bid and offer, both inched down by USD 18 per tonne or 0.6 per cent, where the bid settled at USD 3,040 per tonne from USD 3,058 per tonne and the offer at USD 3,045 per tonne from USD 3,063 per tonne. 

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The Asian Reference Price on February 19 reflected a difference of USD 21.5 per tonne or 0.7 per cent, shifting from USD 3,089 per tonne to USD 3,067.5 per tonne. 

Viewing the LME inventory, it did not reflect any change from the previous day and the opening stock remains at 475,550 tonnes, live warrant at 423,775 tonnes and finally the cancelled warrant at 51,775 tonnes. 

The LME alumina platts price was recorded at USD 306.97 per tonne on February 19. 

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