The LME aluminium cash bid price slipped to USD 3,136.5 per tonne on January 20 from USD 3,168 per tonne on January 19, marking a 0.99 per cent decline. The cash offer price followed a similar trajectory, easing to USD 3,137 per tonne from USD 3,168.5 per tonne, also down 0.99 per cent day-on-day.
In the futures market, the LME aluminium 3-month bid price edged marginally lower to USD 3,135.5 per tonne, compared with USD 3,138 per tonne a day earlier, representing a 0.08 per cent decrease. The 3-month offer price saw a sharper adjustment, falling to USD 3,136 per tonne from USD 3,152 per tonne, a 0.51 per cent drop.
Prices further along the curve also softened. The December 27 bid price declined to USD 3,102 per tonne on January 20 from USD 3,120 per tonne on January 19, down 0.58 per cent. The December 27 offer price recorded a steeper fall, sliding to USD 3,107 per tonne from USD 3,143 per tonne, a 1.15 per cent decrease.
Meanwhile, the LME aluminium 3-month Asian Reference Price was assessed at USD 3,107.5 per tonne on January 20.
On the inventory front, LME aluminium opening stocks fell to 483,000 tonnes on January 20 from 485,000 tonnes on January 19, reflecting a 0.41 per cent reduction. Live warrants remained unchanged at 452,250 tonnes, while cancelled warrants declined to 30,750 tonnes from 32,750 tonnes, a sharp 6.11 percent drop, signalling continued metal outflows.
In the raw materials market, the LME alumina Platts price was assessed at USD 306.05 per tonne.
