Analysts bullish on aluminium outlook for 2026 despite short-term MCX profit booking – 2 January 2026
While Indian MCX aluminium prices saw profit-taking pressure at year-end, analysts remain optimistic for 2026, citing tight supply and steady demand as key positive drivers. The Economic Times
Summary :
Domestic aluminium prices bucked global cues on Wednesday as they fell 1.3% intraday to hit the day’s low of Rs 294.60 on the MCX amid profit booking. Meanwhile, its peers on the Shanghai Futures Exchange (SHFE) and the London Metal Exchange (LME) were trading with a positive bias.
The January aluminium futures on the MCX were hovering near the Rs 296 per kg mark. Meanwhile, aluminium contracts were trading at CNY 22,950 per mt
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