EPIC RESEARCH MCX Aluminium UPDATE OF 29 January 2019

Posted by Commodity Updates by Epic Research on 13:53:00 with No comments

Aluminium trading range for the day is 128.4-137.

* Aluminium prices fell after the United States formally lifted sanctions on Russian aluminium producer Rusal.

* The sanctions had sent aluminium to a seven-year high when they were announced in April last year amid fears of a supply squeeze.

* Social inventories of primary aluminium grow as more downstream consumers suspend.

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