EPIC RESEARCH MCX ALUMINIUM UPDATE OF 9 AUGUST 2018

Aluminium trading range for the day is 137.4-148.4. Aluminium gained as buoyed by industrial action at Alcoa’s Pinjarra alumina refinery in Western Australia were workers walked off the job indefinitely. On-warrant stocks of aluminium available to the market in LME-registered warehouses touched their lowest since August 2007 at 833,075 tonnes. Stocks monitored by the Shanghai Futures Exchange are down 8 percent to 905,924 tonnes from this year’s peak but still up over 20 percent in 2018.

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