--Aluminum ended Friday’s trading session marginally higher by 0.3% at the LME platform, closing at $1719/MT.
--Aluminum stock declined by almost 115,325 MT in the last eighteen trading sessions and the cancelled warrants for the commodity continues to remain high near to 46% mark as a percentage of delivery. The 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 the production cuts by the western producers along with the higher physical premiums due to the prevailing short term supply tightness.