moneycontrol
Outlook on Aluminum: Kotak Commodities
Edited by : AL CIRCLE
1 min read
MCX Aluminum may note some decline tracking copper prices. Also recent jump in stocks at LME warehouses may weigh on the prices. Stocks at LME fell by 20875 tonnes last week but are in the upper range for the year while those at SHFE fell by 7009 tonnes. Support for Aluminum September contract is seen at Rs.109.5 while resistance of Rs.112.5.
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