ZOID RESEARCH 8- MAY-2014 :ALUMINIUM

We saw a good amount of nearly 0.75% decline in the Aluminum prices on Wednesday to settle the three month contract at $1769/MT. Likewise, at the domestic market, May future ended lower at Rs. 104.40/kg. Also, daily inventory declined at LME but the reaction on the prices were negligible. We saw a broad based sell off in all the metals and believe that the marginal rise in the USD index may have supported the metals to trade higher. 

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