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Outlook on Aluminum: Kotak Commodity
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 rose by 75 tonnes yesterday and are in the upper range for the year while those at SHFE fell by 15,885 tonnes. Support for Aluminum September contract is seen at Rs.110.5 while resistance of Rs.113.5.
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