As per the LME price graph, both 3-month bid price and 3-month offer price slumped by US$18 per tonne or 0.73 per cent to clock at US$2,418 per tonne and US$2,418.50 per tonne. December 25 bid price and December 25 offer price slipped by US$15 per tonne or 0.57 per cent to dock at US$2,577 per tonne and US$2,582 per tonne.
LME aluminium opening stock came in at 964350 tonnes. Live warrants and Cancelled warrants stood at 406250 tonnes and 558100 tonnes. LME aluminium 3-month Asian Reference Price contracted by US$43.77 per tonne or 1.78 per cent to arrive at US$2,408.14 per tonne.
Aluminium stocks at Japanese ports drop 9% Y-o-Y in August, highlighting ongoing supply issues in Asia
