EPIC RESEARCH MCX Aluminium UPDATE OF 13 February 2019

Posted by Commodity Updates by Epic Research on 11:35:00 with No comments

Aluminium trading range for the day is 128-134.8.

* Aluminium dropped as U.S.-Sino trade tensions and global growth worries weighed on the prices.

* The dollar rose as news of the deal to avert a fresh government shutdown was overshadowed by continued concerns about the U.S.-China trade war.

* China’s consumption is unlikely to resume quickly in the short run, and this will extend the weak trend.

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