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Aluminium settled down -0.91% at 103.35 snapped a two-day rally and fell from its highest close in three weeks, as market expects Chinese demand to grow at its slowest pace since 1998. Chinese stocks fell for a third day on Thursday as concern slumping commodity prices and a weakening economy will reduce corporate profits overshadowed the biggest cash injection into the financial markets in three years.
Trading Ideas:
Trading Ideas:
Aluminium trading range for the day is 102.1-105.1.
Aluminium dropped as prices seen under pressure from an oversupplied market, mainly because China has been ramping up low-cost capacity.
Trading Ideas:
Trading Ideas:
Aluminium trading range for the day is 102.1-105.1.
Aluminium dropped as prices seen under pressure from an oversupplied market, mainly because China has been ramping up low-cost capacity.
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