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Friday 16 November 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 16 November 2018

Aluminium trading range for the day is 136.3-142.3.

* Aluminium dropped amid rise in LME stocks after prices seen supported on signs that China and the US may be taking steps to de-escalate their bitter trade dispute.

* China Oct alumina output +8.7 pct y/y at 5.65 mln tonnes - stats bureau

* Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.453 million mt.

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