--Aluminum ended Friday’s trading session marginally higher by 0.3% at the LME platform, closing at $1707/MT.
--Aluminum stock have been witnessing a decent fall in its inventories since last eighteen trading sessions which declined by 124,075 MT and the cancelled warrants for the commodity continues to remain high near to 46% mark as a percentage of delivery. However this positive inventory picture is not protecting the commodity from falling.
--For the day we have a sell view on Aluminum as the higher inventories still continues to remain a cause of concern. However the commodity might get positive support from higher physical premiums due to the prevailing short term supply tightness due to the abnormally low temperatures in the US.