EPIC RESEARCH MCX Aluminium UPDATE OF 14 December 2018

Aluminium trading range for the day is 136-139.8.

* Aluminium dropped as supplies will exceed demand, and as the supply glut of alumina will continue to expand.

* A significant decline in primary aluminium social inventories grew confidence across longs, against a backdrop of production cuts across domestic smelters.

* Global oversupply of alumina may reach 1.77 million mt in the first quarter of 2019, on a potential resumption at Hydro Alunorte alumina refinery


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