Commodity Online: Having witnessed a straight bull rally in Aluminum futures, prices ended above 105 in earlier week. MCX aluminum futures sustained with steady moment amid falling other industrial metals in global market.
On Monday morning, at MCX counter, Aluminum November delivery contract advanced by 0.95 percent and tested high at 106.85 per kilogram as investors sought alternatives to a declining dollar and as manufacturing speeded up in Chinese Economy.
But metals have recorded slight gain in morning trades due to investors and speculators from all over the world, keeping their eyes on fed meeting this week, according to Amrita Mashar, commodity analyst with Commodity Online.
The inventory data, released every day at London Metal Exchange （LME） was seen decreasing incessantly, which played key role to keep down-trend constrained in base metals. Technically, Aluminum futures look strong and may touch a new high of 108 ahead this week, added Amrita.
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