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Monday 21 January 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 21 January 2019

Aluminium trading range for the day is 130.9-134.3.

Aluminium gained as China announced more stimulus, with the country's central bank injecting more cash into the financial system.

A vote by U.S. lawmakers cleared the way for sanctions to be lifted on major producer Rusal, potentially increasing supply.

Aluminium stocks held at three major Japanese ports had risen 7.2 percent to 316,800 tonnes by the end of December from the previous month.

Warehouse stock for Aluminium at LME was at 1303475mt that is down by -525mt.

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