World reported Aluminium inventories declined to 2.43 million tons in October 2011. International Aluminium Institute data showed that the total reported inventories were down by 4% from 2.54 million tons in the month of September 2011. Inventories drawdown was noted in North America, Africa and Europe whereas South America, Asia and Oceania noted a rise in the inventory levels.
Europe showed a decline of 9.5% from 1.084 million tons in September to 0.98 million tons in October 2011. Inventories in North America were 578000 tons in October 2011 as against 587000 tons in September 2011, down 1.5%. African inventories were 122000 tons in October compared to 146000 tons last month.
Asian inventories were at 465000 tons in October 2011, up 3.1% from 451000 tons in September 2011. Oceania that included Australia and New Zealand showed an inventory level of 89000 tons in October 2011, up 3.5% from 86000 tons in September 2011.
Powered by Commodity Insights
India Infoline News Service / 08:59, Aug 25, 2014
The outlook is a flat start. The BankNifty has given a breakout but many of the large caps are remaining in a range keeping the main indices under pressure.