EPIC RESEARCH MCX Aluminium UPDATE OF 31 December 2018
Posted by Commodity Updates by Epic Research on 11:34:00 with No comments
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9IACAG1F9UYJXl1UJTQwoL1gb6HzCCf2yLXv5oV1hL-7o6uHuVSr2swxiQhzMLh8vCVNpwZOuCZb9C2pJv9ZHaFdB4BfV1u_X2qVq0OxS5WATHtmVD0zWigGqh_FnJkddttWcW1tmKMo/s320/538957_aluminummanufacturerchennai_fusionplus1511505271.jpeg)
Aluminium trading range for the day is 127.2-133.
* Aluminium dropped on profit booking after prices seen supported amid recent supply cuts and some 800,000 mt capacity cuts agreed among Chinese biggest firms.
* With the arrival of winter, industrial output has taken a hit as the government intensifies a crackdown on pollution to restrict production in smoke-belching factories.
* China’s top steelmaking city Tangshan asked steel mills earlier this month to cut extra output.
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