EPIC RESEARCH MCX Aluminium UPDATE OF 12 February 2019

Posted by Commodity Updates by Epic Research on 11:38:00 with No comments

Aluminium trading range for the day is 131.6-134.6.

Aluminium dropped on concerns over U.S.-China trade dispute and slowing global economic growth

Investors are looking ahead to trade talks between Beijing and Washington this week with a delegation of U.S. officials travelling to China for the next round of negotiations.

U.S. President Donald Trump said last week that he had no plans to meet with Chinese President Xi Jinping before a March 1 deadline to achieve a trade deal.

Warehouse stock for Aluminium at LME was at 1292175mt that is down by -4625mt.

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