EPIC RESEARCH MCX Aluminium UPDATE OF 16 January 2019

Posted by Commodity Updates by Epic Research on 11:33:00 with No comments

Aluminium trading range for the day is 127.7-133.7.

* Aluminium gains as Beijing signalled more supportive measures to stabilise a slowing economy.

* The U.S. Senate will begin voting on a resolution criticising the Trump administration’s decision to ease sanctions on aluminium giant Rusal.

* London aluminium spread discount increased to $29, the strongest since September 2018

* Warehouse stock for Aluminium at LME was at 1295750mt that is up by 1700mt

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