Aluminium on MCX settled up 0.82% at 135 tracking firmness from LME Aluminium which closed up 1.1 percent at $2122, its highest since late November, as rising raw material prices and production cuts in China provided end-of-year support to the market. Aluminium prices has struggled in recent months as authorities in top producer China have failed to fully implement temporary winter smelter closures to slash pollution.
Trading Ideas:
* Aluminium trading range for the day is 132.6-136.2.
* Aluminium prices gained as rising raw material prices and production cuts in China provided end-of-year support to the market.
* Data from the IAI showed China produced 16.7 million tonnes in the first half of 2017, a rise of 1 percent from the second half of last year.
* South Korea bought 3,000 tonnes of aluminium for arrival in February and March via tenders.
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