Aluminium Trading Range For The Day Is 131.9-137.5 - Indian Stock Market Tips

Aluminium on MCX settled up 1.88% at 135.3 as prices seen supported after news that China august aluminum output hits lowest since April 2016. China’s new home prices rose in August at the slowest pace in seven months and fell or levelled off in more cities as government cooling measures dampened speculation, though there were no signs of a sharper correction that could damage the economy. China's non-ferrous metal output fell to a one-year low in August, in a sign that Beijing's environmental crackdown is curbing supplies of base metals, with aluminium also hit by efforts to rein in output.

Trading Ideas:

* Aluminium trading range for the day is 131.9-137.5.

* Aluminium prices seen supported after news that China august aluminum output hits lowest since April 2016.

* Aluminum processors in Henan to suffer tough winter output controls.

* Alumina stocks at alumina producers in China total 389,800 tonnes in September.

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