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Thursday 28 March 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 28 March 2019

Aluminium trading range for the day is 145.7-149.5.

Aluminium prices gained as market focus remains on the value-added tax cuts in the near term.

Aluminium premiums in Rotterdam and Japan were firm on the back of wide contango spreads on the London Metal Exchange and sustained supply tightness.

Norsk Hydro has agreed with Brazil's federal prosecutor to have a third-party technical assessment that, if positive, could lead to it resuming full production.

Warehouse stock for Aluminium at LME was at 1142725mt that is down by -7000mt.

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