The global aluminum market was in a 264,000 metric ton surplus in the first two months of 2010, the World Bureau of Metal Statistics said Wednesday. That compares with a 738,000-ton surplus in the first two months of 2009, and with a surplus of 546,000 tons in the whole of 2009, the WBMS said. Aluminium has touched a low of Rs 102 a kg after opening at Rs 103.95, and last traded at Rs102.45.For today market is looking for the support at 101.5, a break below could see a test of 100.6 and where as resistance is now likely to be seen at 103.9, a move above could see prices testing 105.3.

Aluminium trading range is 100.6-105.3.

Aluminum Market in 264,000-Ton Surplus in Jan-Feb - WBMS

Support for aluminium is at 101.50 and resistance is at 103.90 level.

Aluminium daily stock at Shanghai exchange came down by -50 tonnes.

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YESTERDAY LME STOCK FOR ALUMINIUM CAME UP  BY