Daily Base metals Trading Ideas as on Friday, January 24, 2020
Aluminium Daily Highlights*
Trading Ideas:
# Aluminium trading range for the day is 139.1-141.7.
# Aluminium dropped as concerns over the outlook for metals demand following the outbreak of the coronavirus in China.
# Pressure also seen as Aluminium inventories in China jumped in the last week ahead of the Chinese New Year holiday
# Data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants