Aluminium
Aluminium inventories in Shanghai have increased
by 14% since the beginning of 2013. Faltering demand of metals and
rising supplies has been a major reason of appreciation in inventories.
The most active Aluminium contract has increased by 60327 tonnes to
502622 tonnes since January 2013. Shanghai Aluminium contract ended at
14840 yuan per tonne, down 5 yuan on Friday. On LME, Aluminium three
month forward was unchanged at $ 1977.8 per tonne. On MCX, Aluminium was
trading at 0.19% to Rs 105.75 per kg.
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