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Wednesday 20 February 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 20 February 2019

Aluminium trading range for the day is 129.3-133.3.

* Aluminium recovered after prices dropped after Malaysia said it would not extend a moratorium on mining bauxite when it expires on March 31.

* Chinese aluminium prices have been struggling to move away from two-year lows amid weak domestic demand and plentiful supply.

* Mining giant Glencore has bought 200,000 tonnes of aluminium on the LME and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang.

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