ZOID RESEARCH 19-JUNE-2014 : ALUMINIUM

Aluminum stocks are trading at record low of 5.10 million tons and we believe that should support the metal to trade higher. As discussed in our previous report the cash premium has been rising rapidly at the global market supporting the underlying to trade higher. Russia diverted more supply to Europe and Japan, where premiums have been rising, Harbour Aluminum Intelligence LLC says in report today. U.S. imports from Russia fell to ~2-4k mt a month in May and June, compared with 33k t monthly average in Feb-April, Austin, Texas-based researcher says.