The LME aluminium cash bid price increased to USD 3106.5 per tonne on February 25 from USD 3075 per tonne on February 24, marking a rise of 1.02 per cent. The cash offer price climbed to USD 3107 per tonne from USD 3077 per tonne, up 0.97 per cent.
In the futures segment, the 3-month bid price advanced to USD 3131 per tonne on February 25 from USD 3101 per tonne on February 24, reflecting a 0.97 per cent increase. The 3-month offer price edged up to USD 3131.5 per tonne from USD 3102 per tonne, also gaining 0.95 per cent.
For longer-dated contracts, the December 27 bid price rose to USD 3070 per tonne on February 25 compared to USD 3067 per tonne on February 24, up 0.10 per cent. The December 27 offer price increased to USD 3075 per tonne from USD 3072 per tonne, registering a 0.10 per cent gain.
The LME aluminium 3-month Asian Reference Price stood at USD 3170.5 per tonne on February 25.
On the inventory front, LME aluminium opening stock remained unchanged at 471550 tonnes on both February 24 and February 25. Live warrants were steady at 422225 tonnes across both sessions. However, cancelled warrants declined to 47325 tonnes on February 25 from 49325 tonnes on February 24, marking a 4.05 per cent drop.
Meanwhile, the LME alumina Platts price stood at USD 306.97 per tonne.
