EPIC RESEARCH MCX Aluminium UPDATE OF 24 December 2018

Posted by Commodity Updates by Epic Research on 11:59:00 with No comments

Aluminium trading range for the day is 132.8-135.2.

* Aluminium settled flat as downside seen limited as planned further capacity cuts across major aluminium producers improved market sentiment.

* China’s aluminium producers are set to cut at least another 800,000 tonnes per year of smelting capacity, without giving a timeframe.

* U.S. aluminium premiums or surcharges were most exposed to significant price falls as imports of Russian aluminium could recover strongly.

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