LME aluminium cash offer slips as prices correct early February – 6 February 2026
On 05 Feb 2026, the London Metal Exchange (LME) aluminium cash offer fell ~1.10 % to USD 3,014 per tonne, with the 3-month forward price also retreating amid profit-taking and market volatility. LME opening stocks were down slightly, signaling continued tight fundamentals despite short-term price corrections.
Summary :
On the supply side, LME aluminium opening stock declined to 492,975 tonnes on February 5 from 495,175 tonnes on February 4 — a 0.44 per cent reduction. Live warrants remained unchanged at 440,650 tonnes, while cancelled warrants held steady at 52,325 tonnes, indicating no percentage change.
Meanwhile, the LME alumina Platts price was reported at USD 307.93 per tonne
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