--Aluminum was the top performer in the yesterday's trading session at the LME platform up by 0.7%. By the end of the trading session aluminum closed at $1713/MT mark.
--An aluminum stock declined by almost 100, 000 MT in the last fifteen trading session and the cancelled warrants for the commodity continues to remain at high above the 45%. This positive inventory picture supported by the higher physical premiums is protecting the commodity from a sharp fall.
--For the day, we are recommending to buy aluminum form the lower levels as the commodity might get support from the higher physical premiums which are still hovering above 20 cents per pound. The metal might also get further support from the global equities which are trading higher.
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Aluminum Top Performer, Buy Recommended
Published 02/07/2014, 02:15 AM
Updated 05/14/2017, 06:45 AM
Aluminum Top Performer, Buy Recommended
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