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Monday 28 January 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 28 January 2019

Aluminium trading range for the day is 132-136.6.

Aluminium prices gained amid signs of tight supply outweighing worries over the effect of a Chinese economic slowdown.

China Dec alumina output up 19.6 percent y/y at 6.21 mln tonnes - stats bureau China 2018 alumina output up 9.9 percent y/y at 72.53 million tonnes - stats bureau.

Warehouse stock for Aluminium at LME was at 1301100mt that is down by -250m.

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