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Tuesday, 9 October 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 09 October 2018

Aluminium trading range for the day is 150-159.

* Aluminium prices fell after a Brazilian court approved emergency waste measures that could allow the world’s biggest alumina refinery to resume production.

* Norsk Hydro has been granted a permit in Brazil to use new technology to extend the life of a disposal area for its troubled refinery, should restart 50 percent production.

* Strong U.S. jobs numbers signalled a continued tightening of the labour market and increased inflation pressures.

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