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Thursday 4 October 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 04 October 2018

Aluminium trading range for the day is 149.9-173.7.

* Aluminium prices rose after Norsk Hydro said it will halt production at its Alunorte alumina refinery in Brazil, fanning worries over tighter supply of the raw material.

* LME on-warrant aluminium stocks, are at their lowest since January 2006 at 608,050 tonnes.

* Physical premiums are still unwinding from their post-sanctions highs.

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