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Thursday, 11 April 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 11 April 2019

Aluminium trading range for the day is 146.1-148.1.

Aluminium dropped as growth worries resurfaced after the International Monetary Fund cut its global economic growth forecast for the year.

However, declining inventories and improving consumption continued to limit the downside.

China’s exports are expected to have rebounded in March after a sharp drop in February, while imports likely shrank for a fourth straight month.

Warehouse stock for Aluminium at LME was at 1090625mt that is down by -3975mt.

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