In the futures segment, the 3-month bid price dropped to USD 3036 per tonne from USD 3075 per tonne, a 1.27 per cent decrease, while the 3-month offer price declined 1.27 per cent to USD 3037 per tonne from USD 3076 per tonne.
For the December 27 contract, the bid price stood at USD 3003 per tonne on February 5 versus USD 3025 per tonne a day earlier, reflecting a 0.73 per cent fall. In contrast, the offer price rose 0.58 per cent to USD 3047.5 per tonne from USD 3030 per tonne.
The LME aluminium 3-month Asian Reference Price was assessed at USD 3027 per tonne on February 5.
On the supply side, LME aluminium opening stock declined to 492,975 tonnes on February 5 from 495,175 tonnes on February 4 — a 0.44 per cent reduction. Live warrants remained unchanged at 440,650 tonnes, while cancelled warrants held steady at 52,325 tonnes, indicating no percentage change.
Meanwhile, the LME alumina Platts price was reported at USD 307.93 per tonne.
