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Aluminum trades sluggish ahead OF LME stockpile concern

Thursday, Dec 16, 2010
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AHMEDABAD (Commodity Online): Aluminum declined as few investors sold the metal to lock in gains after it climbed to a record yesterday, and as the appeal of commodities as alternative investments got diminished by a stronger dollar.


The inventory data, at London Metal Exchange (LME) increased by more than 11,000 tons yesterday, which played key role to keep up trend constrained in Aluminum future, according to Amrita Mashar, Commodity Analyst with Commodity Online.


On Wednesday, One-month-delivery Aluminum on the Multi Commodity Exchange fell as much as 0.20 percent to 105.75 rupees per kilogram.


Zinc, Lead and Nickel also dropped in shadow of Silver prices downfall from long peak.

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