ZOID RESEARCH 25-NOV-2014 : ALUMINIUM

3 month forward LME Aluminum prices softened and closed at $2040 MT. The pricesof the entire base metals complex were pulled down amongst the weak economic scenario as the data from US for Chicago PMIand Dallas PMI numbers. The metals traded down before the US Prelim GDP q/q data as the expectations is a revised lowerGDP for US. Fundamentally not much has changed for Aluminum and therefore it would be hard to predict the direction of theprice movement for today. As per the latest quote, Aluminum is seen trading at $2041.5 MT. We refrain from giving any intraday positions for the metal for today.

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