After the market close on 22 January, the **London Metal Exchange (LME) aluminium cash offer declined to about USD 3,093.5 per tonne, while exchange stocks saw a modest build. This slight pullback follows recent volatility as markets adjust to supply/demand dynamics.

Summary :

At the futures market, both the 3-month bid and offer inched down by USD 9 per tonne or 0.3 per cent, where the bid went down to USD 3,113.5 per tonne from USD 3,122.5 per tonne and the offer to USD 3,114 per tonne from USD 3,123 per tonne.

At the forward contract, the December 27 bid slipped from USD 3,110 per tonne to USD 3,097 per tonne and the offer from USD 3,115 per tonne to USD 3,102 per tonne, both showing a difference of USD 13 per tonne or 0.4 per cent.

The 3-month Asian Reference Price widened by USD 17.5 per tonne or 0.6 per cent, moving up from USD 3,115 per tonne to USD 3,132.5 per tonne.

Article Link :

https://www.alcircle.com