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Aluminium under anti-dumping attack

Monday, Nov 16, 2009
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Australia imposed provisional anti- dumping duties of 16 percent on some aluminum extrusion products from China, joining the U.S. and the European Union in taking trade actions against the world's third-largest economy. Aluminium has touched a low of Rs 89.5 a kg after opening at Rs 90.15, and last traded at Rs89.95.For today market is looking for the support at 89.40, a break below could see a test of 88.80 and where as resistance is now likely to be seen at 90.50, a move above could see prices testing 91.10..

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