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Friday 22 February 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 22 February 2019

Aluminium trading range for the day is 131-136.6.

* Aluminium prices gained spurred by the news of the shutdown of 110,000 mt of aluminium capacity in a capacity swap.

* Global aluminum output was 171,100 tons a day in January, down from 177,400 tons in Dec., according to the International Aluminum Institute.

* Tariffs on $200 billion worth of Chinese imports are scheduled to rise to 25 percent from 10 percent by March 1 if there is no deal.

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