EPIC RESEARCH MCX Aluminium UPDATE OF 20 February 2019
Posted by Commodity Updates by Epic Research on 12:21:00 with No comments
Aluminium trading range for the day is 129.3-133.3.
* Aluminium recovered after prices dropped after Malaysia said it would not extend a moratorium on mining bauxite when it expires on March 31.
* Chinese aluminium prices have been struggling to move away from two-year lows amid weak domestic demand and plentiful supply.
* Mining giant Glencore has bought 200,000 tonnes of aluminium on the LME and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang.
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