China Aluminium Network
Outlook on Aluminum: Kotak Commodity
Edited by : AL CIRCLE
1 min read
MCX Aluminum may note some decline tracking copper prices. However, falling stocks at SHFE warehouses may cap the downside. Stocks at SHFE fell 9.6% or 10537 tonnes last week while those at LME fell by 5575 tonnes yesterday. Support for Aluminum September contract is seen at Rs.107 while resistance of Rs.110.
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