EPIC RESEARCH MCX Aluminium UPDATE OF 04 October 2018
Posted by Commodity Updates by Epic Research on 11:39:00 with No comments
Aluminium trading range for the day is 149.9-173.7.
* Aluminium prices rose after Norsk Hydro said it will halt production at its Alunorte alumina refinery in Brazil, fanning worries over tighter supply of the raw material.
* LME on-warrant aluminium stocks, are at their lowest since January 2006 at 608,050 tonnes.
* Physical premiums are still unwinding from their post-sanctions highs.
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