ZOID RESEARCH 2-JUNE-2014 : ALUMINIUM

The global Aluminum stocks which were at record high at 5.492 million tons in the beginning of 2014 have been continuously declining and as of 30th May 2014 total stock stood at 5.199 million tons.
Aluminum premiums are rising continuously in Europe and Japan to a record level in the recent time also helping the metal to move higher. We believe similar trend may continue in the short term by which prices may remain elevated. Aluminium price premium paid in Japan in buying the physical aluminum has been maintaining at $375 on the cash prices of LME for the past 14 sessions also pushing the prices higher We suggest buying from lower levels in the commodity.



Try once at www.zoidresearch.com or contact us @ 9039073611