EPIC RESEARCH MCX Aluminium UPDATE OF 22 November 2018

Posted by Commodity Updates by Epic Research on 12:25:00 with No comments

Aluminium trading range for the day is 137.5-140.3.

Aluminium gained as support seen after the news that Henan town shuts secondary aluminium producers for environmental upgrading.

Dazhou town in Henan province required all secondary aluminium producers to suspend operation to install environmental equipment.

Global primary aluminium output rose to 5.414 million tonnes in October from 5.301 million tonnes in September, data from the IAI showed.

Warehouse stock for Aluminium at LME was at 1072525mt that is down by -525mt.

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