Aluminum consumption in China, the world's largest user and maker, may expand 20 percent this year as the economy extends a recovery. Consumption may increase from 14.02 million metric tons in 2009. Aluminium has touched a low of Rs 90 a kg after opening at Rs 90.9, and last traded at Rs92.35. For today market is looking for the support at 90.2, a break below could see a test of 88 and where as resistance is now likely to be seen at 94.3, a move above could see prices testing 96.3.

Trading Ideas:

Aluminium trading range is 88-96.3.

Aluminum consumption in China to grow 20%

Support for aluminium is at 91.20 and resistance is at 93.40 level.

Aluminium daily stock at Shanghai exchange came down by -3577 tonnes.

SELL ALUMINIUM MAY @ 92.50 SL 93.40 TGT 91.80-91.10-90.40.MCX