EPIC RESEARCH MCX Aluminium UPDATE OF 3 January 2019

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

Aluminium trading range for the day is 121.7-131.7.

* Aluminium prices dropped as worries about economic and demand growth in top consumer China were reinforced by manufacturing data.

* LME confirmed it would lift its suspension on aluminium produced by Russia's Rusal if U.S. sanctions are lifted.

* Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.3 million mt.

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