A contradictory movement was witnessed at the LME 3-month bid and offer price, where the bid moved up USD 1 per tonne and settled at USD 3,112 per tonne and the offer inched up USD 0.5 per tonne, marking the price at USD 3,112.5 per tonne.
At the forward contract, the December 27 bid and offer showed no change from the previous day’s close and were still at USD 3,130 per tonne and USD 3,135 per tonne, respectively.
However, the 3-month Asian Reference Price fell sharply by USD 40.5 per tonne or 1.3 per cent and on January 7, it stood at USD 3,088.5 per tonne from USD 3,129 per tonne.
At the inventory side, both the LME opening stock and cancelled warrants decreased by 2,500 tonnes and each showed a shift from 504,250 tonnes to 501,750 tonnes and from 57,775 tonnes to 55,275 tonnes. Like the December 27 contracts, the LME live warrants reflected no change and remained at 446,475 tonnes on January 7, 2026.
The LME alumina platts price increased by USD 6 per tonne or 1.8 per cent and is currently at USD 309.14 per tonne from USD 303.14 per tonne.
