EPIC RESEARCH MCX Aluminium UPDATE OF 10 October 2018

Posted by Commodity Updates by Epic Research on 12:01:00 with No comments

Aluminium trading range for the day is 149.5-156.7.

* Aluminium weakened further after Norsk Hydro said it expects to resume production at the world’s largest alumina refinery in Brazil at half capacity within two weeks.

* China decided not impose blanket cuts on industrial output in 28 northern cities this winter.

* Rusal is likely to set up a traders’ team in China for the transaction of its aluminium ingot, and this also depressed market sentiment.

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