Last Updated : January 11, 2012 03:51
Chinese data, alcoa, commodity reweightings boost aluminum
LONDON (Commodity Online): LME aluminum hit its highest level since Dec. 2 in volumes that equaled those of copper, said Triland Metals in a briefing.
According toTriland, it remains cautious “knowing how susceptible the market can turn.” Nevertheless, analysts say there is “countless news to explain today’s move such as Chinese trade numbers, Fitch reassuring remarks on France, Alcoa kicking out in good fashion the earning season, etc. Not to forget the traditional annual reweighting of commodities indexes that has been said to favor the light metal.”
Three-months aluminum rose $56 to $2,164 a metric ton and peaked at $2,165.
NCDEX GUARGUMJODHPURJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
