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Wednesday 6 March 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 6 March 2019

Aluminium trading range for the day is 144.3-147.7.

Aluminium remained under pressure underpinned by a resilient economy and a flagging euro ahead of an upcoming European Central Bank policy meeting.

China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade with US.

China to keep reasonable size of FX reserves. China to keep stock, bond and FX markets steady

Warehouse stock for Aluminium at LME was at 1233150mt that is up by 2925mt.

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