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Tuesday 5 March 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 5 March 2019

Aluminium trading range for the day is 143.8-150.

Aluminium dropped amid expectations of consumption boom in March-May, expanding inventories and falling prices of alumina.

Weak demand in China and growing global fallout from the Sino-U.S. trade war took a heavier toll on factories across much of Asia in February.

Global primary aluminium output fell to 5.304 million tonnes in January from revised 5.498 million tonnes in December.

Warehouse stock for Aluminium at LME was at 1230225mt that is down by -2725mt.

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