The LME aluminium market has been volatile owing to the overburdening of Russian stocks in LME warehouses. The future outlook seems quite uncertain amidst the call for CBAM and other regulatory trade measures.
The LME aluminium 3-month bid price halted at US$2,183 per tonne, and the 3-month offer price stood at US$2,183.50 per tonne with a uniform decline of US$20 per tonne or 0.91 per cent.
The LME 25 December bid price and LME 25 December offer price have stopped at US$2,400 per tonne and US$2,405 per tonne, with a loss of US$22 per tonne or 0.91 per cent.
The LME opening stock arrived at 564,675 tonnes, down 2.74 per cent. Live stocks reached 376,800 tonnes after gaining 5.46 per cent, while cancelled warrants discarded 2.3 per cent to close at 187,875 tonnes.
The LME Asian Reference price slumped by US$24.25 per tonne or 1.09 per cent to officiate at US$2,188.52 per tonne.
