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Monday 11 February 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 11 February 2019

Aluminium trading range for the day is 132.1-136.5.

Aluminium prices dropped on worries about excess supply after the top producer said it would resume some output.

Russian aluminum giant Rusal said it sees demand for aluminum growing in 2019 with potential for prices to rise.

Weaker consumption grew inventories of aluminium ingots across China’s eight major markets by 39,000 mt from a week ago to 1.3 million mt.

Warehouse stock for Aluminium at LME was at 1296800mt that is up by 5000mt.

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