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Tuesday 26 March 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 26 March 2019

Aluminium trading range for the day is 144.6-146.2.

Aluminium prices dropped as concerns about a global economic slowdown depressed sentiments.

China reverted to being a net importer of alumina in February for the first month since April 2018, while its scrap metal imports plunged to just 160,000 tonnes.

Improving downstream consumption extends declines in primary aluminium inventories

Warehouse stock for Aluminium at LME was at 1155450mt that is down by -4825mt.

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