On Tuesday, December 12, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$8 per tonne or 0.38 per cent to settle at US$2,090 per tonne and US$2,090.50 per tonne.
3-month bid price and 3-month offer price grew by US$9.5 per tonne or 0.44 per cent to clock at US$2,136 per tonne and US$2,136.50 per tonne. December 24 bid price and December 24 offer price also increased by US$8 per tonne or 0.35 per cent to peg at US$2,255 per tonne and US$2,260 per tonne.
LME aluminium opening stock came in at 450225 tonnes. Live warrants and Cancelled warrants settled at 208725 tonnes and 241500 tonnes. LME aluminium 3-month Asian price inched up by US$0.37 per tonne or 0.01 per cent to peg at US$2,134.50 per tonne.
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
