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Tuesday 4 December 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 4 December 2018

Aluminium trading range for the day is 136-142.8.

* Aluminium rallied after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook.

* Aluminum Corp of China Ltd, is cutting output on some of its aluminium production lines in northern China, as Chinese aluminium prices sank to a fresh two-year low.

* Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.367 million mt down some 19,000 mt.

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