This drop can be attributed to the ongoing economic concerns in China, where manufacturing activity shrank for the fourth straight month. As per the LME price graph, from Monday to Thursday, the prices have shown a fluctuating output.
On the same day, both 3-month bid price and 3-month offer price also declined by USD 33 per tonne or 1.24 per cent and USD 33.5 per tonne or 1.28 per cent. The prices closed at USD 2,581 per tonne and USD 2,581.5 per tonne.
December 26 bid price and December 26 offer price dropped by USD 33 per tonne to halt at USD 2,625 per tonne and USD 2,630 per tonne.
LME aluminium 3-month Asian Reference Price slumped by USD 36 per tonne or 1.38 per cent to clock at USD 2,565 per tonne.
