On Friday, October 27, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$32 per tonne or 1.45 per cent to close at US$2,170 per tonne and US$2,170.50 per tonne.
As per the London Metal Exchange (LME) data, both the 3-month bid price and the 3-month offer price dropped by US$24 per tonne or 1.08 per cent to clock at US$2,191 per tonne and US$2,192 per tonne.
December 24 bid price and December 24 offer price contracted by US$22 per tonne or 0.94 per cent to reside at US$2,308 per tonne and US$2,313 per tonne. LME aluminium opening stock closed at 478725 tonnes. Live warrants and Cancelled warrants settled at 203800 tonnes and 274925 tonnes.
LME aluminium 3-month Asian Reference Price lost US$11 per tonne or 0.47 per cent to stop at US$2,205.56 per tonne.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
