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Monday, 18 February 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 18 February 2019

Aluminium trading range for the day is 130.1-132.9.

Aluminium gained as support seen after China's province of Hebei will issue the second-most severe pollution alert as heavy smog is expected.

China's aluminium exports surged to a record high in January, as weak domestic demand led to another bumper month of shipments overseas.

Exports of unwrought aluminium and aluminium products from China, rose to 552,000 tonnes last month, the General Administration of Customs said.

Warehouse stock for Aluminium at LME was at 1266600mt that is down by -6900mt.

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