MARKET TALK: Aluminum May Fall On Fund Selling S/T

LME aluminum may be pressured down by fund long liquidation, but should find good consumer buying to support if 3-month contract drops to around $2,530/ton, says Hong Kong-based trader with international house. Adds, support emerged at those levels overnight helping aluminum bounce from lows, more buying on dips likely by consumers. LME 3-month eases to low of day at $2,685/ton, down $3 on London PM close, in narrow range $2,685-$2,697.