EPIC RESEARCH MCX Aluminium UPDATE OF 14 January 2019

Posted by Commodity Updates by Epic Research on 11:24:00 with No comments

Aluminium trading range for the day is 127-131.8.

* Aluminium prices dropped as lower-than-expected inflation data from China depressed market sentiment.

* With new capacity coming online, China’s output of primary aluminium is expected to grow 0.53% month on month to 3.01 million mt in January.

* China's producer price index increased less than expected on the month in December to hit the lowest growth rate in two years, the National Bureau of Statistics said.

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