EPIC RESEARCH MCX Aluminium UPDATE OF 22 January 2019

Posted by Commodity Updates by Epic Research on 11:30:00 with No comments

Aluminium trading range for the day is 129.8-135.2.

Aluminium dropped after data showed weaker economic growth and on expectations of slowing activity ahead of the Lunar New Year holiday.

China's primary aluminium output defied low prices to rise for a second straight month to a record high in December.

The world's top producer churned out more than 3 million tonnes in a month for the first time, undeterred by aluminium prices at two-year lows.

Warehouse stock for Aluminium at LME was at 1301650mt that is down by -1825mt.

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