Aluminium Trading Range For The Day Is 122.6-124.8 - Ripples Advisory Pvt Ltd

Aluminium settled flat as China's aluminium makers are expected to step up exports in coming months as a healthier global manufacturing climate and declining world stockpiles boost demand. Higher exports of semi-manufactured aluminium could dampen London Metal Exchange (LME) aluminium prices, which have surged nearly 14 percent this year, as well as stoke global trade tensions. China accounts for more than half of world aluminium output, but its capacity ramp-up over the past half decade has come as global prices have fallen, forcing smelters elsewhere to halt production.

Trading Ideas:

*Aluminium trading range for the day is 122.6-124.8. 

*Aluminium settled flat as China's aluminium makers are expected to step up exports in coming months.

*Global aluminium stockpiles outside of China have nearly halved to 8 million tonnes, or about 12 weeks of consumption, from a peak above 22 weeks in late 2009.

*Aluminium daily stocks at Shanghai exchange came up by 2892 tonnes.

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