luminum stock declined by 76375 MT and the cancelled warrants for the commodity continues to remain at higher levels.
--Aluminum finished on a negative note in the yesterday's trading session at the LME platform and was the worst performer among its peers down by 1.7% taking negative cues from the weak US manufacturing data.
--An aluminum stock declined by 76375 MT and the cancelled warrants for the commodity continues to remain at higher levels. However this positivity on the inventory front and short term supply squeeze in the commodity due to lack of availability of the metal from is not protecting the commodity from declining as the metal is taking negative cues from the weak manufacturing data from US and China.
--For the day, we are having a ranged view on aluminum as on one side the commodity might get positive support from the prevailing short term supply squeeze due to lack of availability of the metal owing to abnormally low temperatures in the US. However on the other side the commodity might take negative cues from the weak set of manufacturing numbers from US and China.
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Aluminum The Worst Performer, On Negative Cues
Published 02/04/2014, 06:33 AM
Updated 05/14/2017, 06:45 AM
Aluminum The Worst Performer, On Negative Cues
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