EPIC RESEARCH MCX Aluminium UPDATE OF 6 February 2019

Posted by Commodity Updates by Epic Research on 12:30:00 with No comments

Aluminium trading range for the day is 136.1-139.7.

Aluminium remained flat on worries about excess supply after the top producer said it would resume some output.

China Hongqiao Group, said it would gradually restart production after the expiration of some government-mandated output curbs.

U.S. President Trump said over the weekend that he was optimistic about the prospects of a deal after the good vibe of negotiations.

Warehouse stock for Aluminium at LME was at 1298150mt that is up by 1000mt.

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