For longer-dated contracts, the December 2027 bid price stood at USD 3,132 per tonne on March 3, slightly down from USD 3,133 per tonne on March 2, a marginal decline of USD 1 per tonne or 0.03 per cent. The December 2027 offer price also edged lower to USD 3,137 per tonne from USD 3,138 per tonne, down USD 1 per tonne or 0.03 per cent.
The LME aluminium three-month Asian Reference Price for March 3 was assessed at USD 3,251 per tonne.
On the inventory side, LME aluminium opening stocks fell to 463,550 tonnes on March 3, compared with 465,550 tonnes on March 2, representing a decline of 2,000 tonnes or 0.43 per cent.
Live warrants dropped sharply to 375,525 tonnes from 420,850 tonnes, a decrease of 45,325 tonnes or 10.77 per cent. In contrast, cancelled warrants jumped significantly to 86,025 tonnes, up from 42,700 tonnes the previous day - an increase of 43,325 tonnes or 101.46 per cent.
Meanwhile, the LME alumina Platts price stood at USD 305 per tonne.
