LME aluminium cash bid price and LME aluminium official settlement price continued to fall by US$27.50 per tonne and US$26 per tonne, marking the third consecutive day of decline that brought the prices at US$ 2,575 per tonne and US$2,577 per tonne, respectively.
On the same day, 3-month bid price and 3-month offer price declined by US$19 per tonne or 0.72 per cent to reach US$2,623 per tonne and US$2,624 per tonne. December-25 bid price and December-25 offer price shed off US$10 per tonne to settle at US$2,728 per tonne and US$2,733 per tonne.
On June 5, LME aluminium opening stock stood at 1,111,300 tonnes, up by 1,400 tonnes from 1,109,900 tonnes. Live Warrants edged a fall of 0.95 per cent to 585,375 tonnes, while Cancelled Warrants increased by 1.35 per cent to 525,925 tonnes.
LME aluminium 3-month Asian Reference Price shrank by 1.27 per cent to close at US$2,638.79 per tonne.
