LME aluminium cash offer eases as prices pull back – 3 February 2026
According to AlCircle market reporting, the London Metal Exchange (LME) aluminium cash offer slid to around USD 3,110 per tonne, down from recent highs, with a notable correction in forward pricing and reduced market strength.
👉 Source: AlCircle LME price update — https://www.alcircle.com/news/lme-aluminium-jolts-the-market-as-cash-offer-slides-to-3-110-per-tonne-117117?utm_source=chatgpt.com
Summary :
On January 30, which is the close of the week, the London Metal Exchange (LME) aluminium prices showed a significant dip in its contracts and futures prices. The declining trend has also been observed in the LME inventories as well.
The LME cash bid dropped from USD 3,323 per tonne to USD 3,109 per tonne, with a difference of USD 214 per tonne ot 6.4 per cent. Similarly, the cash offer fell from USD 3,325 per tonne to USD 3,110 per tonne, reflecting the price moving down by USD 215 per tonne or 6.5 per cent.
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