Aluminium dropped on worries about oversupply after a rise in output from top producer China and heavy flows into LME warehouses in Asia.
Aluminium stocks at three major Japanese ports stood at 286,500 tonnes at the end of September, down about 6 percent from the previous month.
The global market has been plagued by oversupply for the past five years, depressing prices and hurting producers' profits.
For more information and accurate MCX Tips, NCDEX Tips ✆ – 0731-6642300
Connect with our social media sites
No comments:
Post a Comment