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Aluminum The Worst Performer Close At 1806 MT

Published 01/21/2014, 04:08 AM
Updated 05/14/2017, 06:45 AM

--Aluminum was the worst performer among the entire metals pack in the yesterday's trading session at the LME platform to close at $1806.50/MT mark.

--Aluminum inventories continues to remain stubbornly higher above 54, 00,000 MT marks. Even though the inventories hav e been rising aluminum prices broadly rallied due to lack of av ailability of the metal in the US due to below normal temperatures.

--we continue with our yesterday's view of buying on dips as the aluminum physical premiums in the US for the next 30 days has made an another record high of 20.5 cents per pound up from 20 cents per pound from last Thursday on tight supply due to cold weather conditions.

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