On November 1, the LME aluminium live price chart experienced a slump in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price diving down by US$4.50 per tonne or 0.2 per cent to officially close at US$2,230 per tonne and US$2,230.50 per tonne.
London Metal Exchange graph flashed that the 3-month bid price and the 3-month offer price have negated US$5 per tonne or 0.22 per cent and US$5.50 per tonne or 0.24 per cent to park at US$2,241 per tonne and US$2,241.50 per tonne, respectively.
The December 24 bid price and the December 24 offer price have seen a drop of US$5 per tonne or 0.21 per cent, settling at US$2,355 per tonne and US$2,360 per tonne.
LME aluminium opening stock recorded a slump of 2,025 tonnes or 0.43 per cent, arriving at 472,700 tonnes. Live warrants stood at 203,800 tonnes, with no notable movement. Cancelled warrants halted at 268,900 tonnes, plummeting by 2,025 tonnes or 0.75 per cent.
LME aluminium 3-month Asian Reference Price stopped at US$2,250 per tonne, down US$8 per tonne or 0.35 per cent.
