The global aluminum market was in surplus by 298,000 metric tons in the first quarter of 2010, the World Bureau of Metal Statistics said.  That compares with a 926,000-ton surplus in the first quarter of 2009, and with a surplus of 739,000 tons in the whole of 2009, the WBMS said. Aluminium has touched a low of Rs 90.9 a kg after opening at Rs 92.25, and last traded at Rs92.15.For today market is looking for the support at 91.1, a break below could see a test of 90 and where as resistance is now likely to be seen at 93.1, a move above could see prices testing 94.

Trading Ideas:

Aluminium trading range is 90-94.

Global aluminum market was in surplus by 298,000 metric tons in first quarter

Support for aluminium is at 91.10 and resistance is at 93.10 level.

Aluminium daily stock at Shanghai exchange came down by -1946 tonnes
SELL ALUMINIUM MAY @ 92.50 SL 93.40 TGT 91.80-91.10-90.40.MCX