Aluminium Trading Range For The Day Is 120.5-123.1

Aluminium trading range for the day is 120.5-123.1. Aluminium remained supported after rumors that Chinese Wei Qiao Group, would cut aluminum production by 250,000 mt. Aluminum ingot stocks in China's five major markets, which had been growing steadily, unexpectedly dropped 2,000 tonnes on a weekly basis. Data showed that overall aluminium output rose slightly last month both in top producer China and in the rest of the world.

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