China's primary aluminium production rose to 1.246 million tonnes in December from 1.197 million tonnes in November but was down from 1.331 tonnes in December 2009, provisional figures from the International Aluminium Institute (IAI) showed. Aluminium yesterday traded with the negative node and settled -0.61% down at 115.4. Some support had been seen from the LME stock also which came down by -300mt, the total stock at LME is now at 4525550mt. In yesterday's trading session aluminium has touched the low of 115.15 after opening at 117.2, and finally settled at 115.4. For today's session market is looking to take support at 114.6, a break below could see a test of 113.8 and where as resistance is now likely to be seen at 116.8, a move above could see prices testing 118.1.

Trading Ideas:

Aluminium trading range is 113.8-118.1.

China aluminium output rises in Dec vs Nov -IAI

Aluminium is taking support at 114.20 and resistance at 116.60 level.

Spread between aluminium FEB & MAR contracts yesterday traded in the range of -0.15 - 0.9.

BUY ALUMINIUM FEB ON DIP @ 114 SL 113 TGT 114.8-115.80-116.50.MCX

YESTERDAY LME STOCK FOR ALUMINIUM CAME DOWN  BY -300