EPIC RESEARCH MCX Aluminium UPDATE OF 10 January 2019

Posted by Commodity Updates by Epic Research on 11:15:00 with No comments

Aluminium trading range for the day is 126.6-134.

* Aluminium gained as upcoming shutdown of concentrators in Gejiu of Yunnan province grew worries over tighter supplies.

* Alumina capacity expanded by some 5.43 million mt in 2018, after growing by 6.8 million mt in 2017.

* German industrial output unexpectedly fell in November for the third consecutive month, adding to signs that companies are shifting into a lower gear.

* Warehouse stock for Aluminium at LME was at 1281400mt that is down by -2100mt.

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