As per the LME aluminium graph, on Tuesday, September 3, both the cash bid price and official settlement price dipped by US$8.5 per tonne or 0.35 per cent to stand at US$2,381.50 per tonne and US$2,382 per tonne.
On the same day, both 3-month bid price and 3-month offer price lost US$10.5 per tonne or 0.43 per cent to dock at US$2,404.50 per tonne and US$2,405 per tonne. December 25 bid price and December 25 offer price descended by US$11 per tonne and US$16 per tonne to clock at US$2,527 per tonne and US$2,532 per tonne.
LME aluminium opening stock came in at 843925 tonnes. Live warrants and Cancelled warrants closed at 345300 tonnes and 498625 tonnes.
LME aluminium 3-month Asian Reference Price slumped by US$22.19 per tonne or 0.91 per cent to reach US$2,405.21 per tonne.
Shanghai Metals Market repeats witness on aluminium and alumina prices going opposite directions
Aluminium prices rise across the board on SMM, defying previous week’s declining trend
