Attention parents! Cooking in those aluminium pans may reduce your kid's IQ

Aluminium on MCX settled up 0.32% at 125.80 as support seen after dollar crawled near four-month low clouded by concerns about U. S. President Donald Trump's pro-growth policies. Meanwhile the political heat is rising in the aluminium market, with a trio of industry bodies calling on the G20 to address global market imbalances resulting from China's burgeoning output. The market is still digesting the implications of Beijing's anti-pollution measures in regions around the Chinese capital over the winter heating months from mid- November to mid-March. A requirement that local aluminium smelters cut capacity by 30 percent puts at risk about 1.3 million tonnes of production, with potential further hits from mandated closures of plants producing other smelter inputs such as carbon anode and pet coke. Affected Chinese producers might be expected to run their smelters as fast they can to compensate. But Beijing's environmental crackdown is far more extensive than the winter pollution measures and it is already affecting production rates. Environmental inspection teams were in Henan province last month and at least one operator, Linfeng Aluminum and Power, closed some capacity as a result, according to specialist Chinese aluminium consultancy AZ China. While Capacity closures across the metals production sector are now increasingly happening pre-emptively ahead of inspections. Moreover, environmental inspectors are returning at regular intervals to check on progress. Shandong province will receive its fourth environmental check next month, AZ China says. Now technically market is getting support at 125.3 and below same could see a test of 124.7 level, And resistance is now likely to be seen at 126.2, a move above could see prices testing 126.5.

Trading Ideas:

# Aluminium trading range for the day is 124.7-126.5.

# Aluminium gained as support seen after dollar crawled near four-month low clouded by concerns about U. S. President Donald Trump's pro-growth policies

# Cancelled warrants fell a net 15,725 tonnes to 879,500 tonnes; 9,850-tonne clip of fresh cancellations in Rotterdam was offset by rewarranting of 15,050 tonnes in Port Klang.

# Metal booked for removal was sizeable at almost 225,000 tonnes over the first three days of the week.