On Tuesday, October 31, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$16.5 per tonne or 0.73 per cent and US$17 per tonne or 0.75 per cent to close at US$2,234.50 per tonne and US$2,235 per tonne.
As per the London Metal Exchange (LME) data, the 3-month bid price and 3-month offer price also fell by US$11 per tonne or 0.48 per cent to clock at US$2,246 per tonne and US$2,247 per tonne. December 24 bid price and December 24 offer price dipped by US$12 per tonne or 0.50 per cent to peg at US$2,360 per tonne and US$2,365 per tonne.
LME aluminium opening stock came in at 474725 tonnes. Live warrants and Cancelled warrants closed at 203800 tonnes and 270925 tonnes.
LME aluminium 3-month Asian Reference Price, on the other hand, gained US$28 per tonne or 1.25 per cent to stop at US$2,258 per tonne.
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