China Aluminium Network
Kotak Commodity outlook on aluminum
Edited by : AL CIRCLE
1 min read
MCX Aluminium may note some decline tracking copper prices, however the downside remains capped. Further, recent jump in stocks at LME warehouses may also weigh on the prices. Stocks at LME rose by 7300 tonnes after rising by 105625 tonnes last week while cancelled warrants eased to 6.98%. Support for Aluminium August contract is seen at INR 106.5 while resistance of INR 109.5.
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