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Aluminum Lone Underperformer, To Trade With Positive Bias

Published 01/22/2014, 05:47 AM
Updated 05/14/2017, 06:45 AM

Aluminum

-Aluminum was the lone underperformer in the yesterdays trading session in the LME platform even though the other base metals broadly closed in the positive territory.

--Though the aluminum inventories declined marginally in the last two trading sessions the inventories continues to be stubbornly high above 54,00,000 Mt mark.

--We expect Aluminum to trade in arranged manner with a slight positive bias due to record high physical premiums in US, Europe and Asian regions due to prev ailing supply tightness due to lack of availability of the metal due to the prevailing harsh cold weather conditions in the US

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