EPIC RESEARCH MCX Aluminium UPDATE OF 23 January 2019

Posted by Commodity Updates by Epic Research on 11:48:00 with No comments

Aluminium trading range for the day is 130.6-137.8.

Aluminium prices rallied on signs of tighter China supply. China's aluminium production rose by 11.3 percent to 3.05 million tonnes in December from a year earlier, according to data.

For the full year, China produced 35.8 million tonnes, a rise of 7.4 percent from the same period last year, the data showed.

Warehouse stock for Aluminium at LME was at 1301625mt that is down by -25mt.

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