EPIC RESEARCH MCX Aluminium UPDATE OF 13 August 2018

Posted by Commodity Updates by Epic Research on 11:39:00 with No comments
Aluminium trading range for the day is 139.7-147.5.

Aluminium dropped on profit booking as the impact of strikes at Alcoa’s alumina refinery in Western Australia was smaller than expected.

Alcoa workers in Western Australia have walked out indefinitely over an enterprise agreement dispute with the aluminium maker, the Australian Workers’ Union said.

The Alcoa plants account for around 9.3 million tonnes of capacity or some 8 percent of the world’s supply of alumina.

Warehouse stock for Aluminium at LME was at 1149825mt that is down by -4225mt.

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