Investor Presentaiton
aba
Aluminium
for the world
المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba
LME Price & Premiums Struggle to Find Positive Momentum
LME Price remained under pressure as bearish market sentiment dominated the trading
activity. LME-Cash averaged US$2,155/t in Q3 2023 -- down by 8% YoY [lowest: US$2,068.50/t
on 21 Aug 23 and highest: US$2,307.50/t on 29 Sep'23]
LME inventories at low levels at ~0.5 million MT (up by 47% YoY) with growing inventories of
Russian metal in LME-registered warehouses causing concern
Premium prices on the swing and are expected to drop in the near-term owing to weak physical
demand
Major Japanese Ports (MJP¹)
US Midwest
DDP Rotterdam
150
100
50
148
600
600
400
400
128
592
614
123
547
499
474
99
444
200
200
85
298 317
268
278
0
0
Q3
2022
Q4 Q1
2022 2023
Q2
Q3
Q3
Q4
Q1
Q2 Q3
Q3
2023
2023
2022 2022
2023
2023 2023
2022
Q4 Q1 Q2 Q3
2022 2023 2023 2023
¹Major Japanese Ports (MJP) is based on Cost, Insurance and Freight (CIF)
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