On Monday, March 11, both LME aluminium cash bid price and LME aluminium official settlement price lost US$7 per tonne or 0.31 per cent to clock at US$2,201.50 per tonne and US$2,202 per tonne.
As per the LME data, both 3-month bid price and 3-month offer price descended by US$14 per tonne or 0.62 per cent to settle at US$2,242 per tonne and US$2,243 per tonne. December 25 bid price and December 25 offer price dipped by US$15 per tonne or 0.60 per cent to peg at US$2,448 per tonne and US$2,453 per tonne.
LME aluminium opening stock came in at 577675 tonnes. Live warrants and Cancelled warrants settled at 348975 tonnes and 228700 tonnes. LME aluminium 3-month Asian Reference Price dropped by US$8.84 per tonne or 0.39 per cent to arrive at US$2,242.95 per tonne.
