Trading Range Is 123.4-127- Aluminium

Aluminium trading range for the day is 123.4-127. Aluminium dropped on profit booking tracking LME prices fell 0.5 percent amid rise in Shanghai stocks. LME holdings are sitting at just 1.7 million tons and inventories in Shanghai, meanwhile, are at their highest in about a year. Market needs to closely watch the implementation of crackdowns on illegal aluminium projects.

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