MARKET TALK: LME Aluminum Tipped Down 2Q;Bearish Fundamentals

LME aluminum expected to fall in 2Q given underlying bearish fundamentals, namely slowdown in global demand, uptick in supply, rising trend in inventory levels, lower production costs, says Harbor Aluminum. Dominant position holders apparently exiting market, also dents bullish outlook. But aluminum likely to hold steady during April following strong close for 1Q. LME 3-month aluminum last at $2,780/ton, up $2 on Friday PM kerb.