On January 29, the LME aluminium cash bid price stood at USD 3223 per tonne, down 1.07 per cent from USD 3258 per tonne on January 28. The cash offer price rose 2.04 per cent to USD 3325.5 per tonne, compared with USD 3259 per tonne a day earlier.
In the 3-month contract, the bid price climbed 1.98 per cent to USD 3325.5 per tonne on January 29 from USD 3261 per tonne on January 28. The 3-month offer price increased 1.96 per cent to USD 3326 per tonne, up from USD 3262 per tonne.
Further along the curve, the December 27 bid price rose 1.12 per cent to USD 3173 per tonne on January 29, compared with USD 3138 per tonne on January 28. The December 27 offer price increased 1.11 per cent to USD 3178 per tonne from USD 3143 per tonne.
The LME aluminium 3-month Asian Reference Price on January 29, stood at USD 3218.5 per tonne.
Warehouse data showed stocks edging lower. On January 29, LME aluminium opening stock came in at 497725 tonnes, down 0.45 per cent from 499975 tonnes on January 28. Live warrants fell 7.38 per cent to 439400 tonnes from 474400 tonnes, while cancelled warrants surged 128.1 per cent to 58325 tonnes from 25575 tonnes.
Meanwhile, the LME alumina Platts price stood at USD 306.93 per tonne.
