EPIC RESEARCH MCX Aluminium UPDATE OF 08 October 2018

Posted by Commodity Updates by Epic Research on 12:29:00 with No comments

Aluminium trading range for the day is 152.5-166.1.

* Aluminium dropped as investors began to question whether a plant producing the raw material alumina would close.

* Lower inventories suggest a less well-supplied market, with aluminium stocks in LME warehouses slipping to 966,900 tonnes, the lowest since 2008.

* China’s aluminium processing industry returned into expansion territory in September. -

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