China aluminium output seen down after May record high: Leading base metal producer China posted a record level of primary aluminium output in May, but a slower rate of production is expected in June as low prices spur cuts by smelters. Aluminium has touched a low of Rs 90.5 a kg after opening at Rs 90.65, and last traded at Rs90.75.For today market is looking for the support at 90.6, a break below could see a test of 90.4 and where as resistance is now likely to be seen at 90.9, a move above could see prices testing 91.

Trading Ideas:

Aluminium trading range is 90.4-91.

China aluminium output seen down after May record high

Support for aluminium is at 89.80 and resistance is at 90.70 level.

Aluminium weekly stock at Shanghai exchange came up by 1828 tonnes.

BUY ALUMINIUM JUNE ABV 91 SL 90 TGT 91.80-92.50-93.40.MCX