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Wednesday 2 January 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 2 January 2019

Aluminium trading range for the day is 126.9-129.1.

* 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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