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Monday 10 December 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 10 December 2018

Aluminium trading range for the day is 136.8-142.8.

Aluminium gained as support seen as lower-than-expected jobs data weighed on the U.S. dollar.

China has to seek more opportunities to expand aluminium consumption domestically and abroad, after trade disputes lowered exports of aluminium products in 2018.

Primary aluminium consumption in China to grow by 4.5% in 2018 and by 3.3% in 2019

Warehouse stock for Aluminium at LME was at 1042900mt that is down by -875mt.

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