Thursday 18 July 2019

Aluminium Settled Flat As Some Support Seen After Disappointing US

Aluminium trading range for the day is 142.4-143.8.

Aluminium settled flat as some support seen after disappointing US new housing starts data lowered the greenback.

China's alumina output rose by 5.4% year-on-year to 6.41 million tonnes in June, its highest in more than two years.

Aluminium stocks held at three major Japanese ports, at the end of June, rose 1.4% to 300,000 tonnes from the previous month.

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