On Monday, January 8, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$10 per tonne or 0.45 per cent to halt at US$2,205 per tonne and US$2,205.50 per tonne.
As per the London Metal Exchange (LME) data, the 3-month bid price and 3-month offer price fell by US$10 per tonne or 0.44 per cent to settle at US$2,252 per tonne and US$2,253 per tonne. December 25 bid price and December 25 offer price went down by US$2 per tonne or 0.07 per cent to close at US$2,508 per tonne and US$2,513 per tonne.
LME aluminium opening stock scored at 569100 tonnes. Live warrants and Cancelled warrants closed at 388800 tonnes and 180300 tonnes. 3-month Asian Reference Price slumped by US$12.77 per tonne or 0.55 per cent to reach US$2,268 per tonne.
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
