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Tuesday 1 January 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 1 January 2019

Aluminium trading range for the day is 126.5-129.9.

Aluminium dropped after Russia's Rusal, agreed a deal in December with U.S. authorities to remove it from a sanctions list and allow its metal onto global markets.

China will restrict imports of scrap aluminium from July 1, the environment ministry said.

Aluminium would be moved from an unrestricted import list of solid waste products usable as raw materials to a restricted import list.

Warehouse stock for Aluminium at LME was at 1271200mt that is up by 4075mt.

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