EPIC RESEARCH MCX Aluminium UPDATE OF 19 March 2019

Posted by Commodity Updates by Epic Research on 11:20:00 with No comments

Aluminium trading range for the day is 142.3-148.9.

Aluminium gained on short covering after prices dropped as China’s social inventories of primary aluminium rose some 5,000 mt from a week ago

Russian aluminium tycoon Oleg Deripaska sued the United States, alleging that it had overstepped its legal bounds in imposing sanctions on him.

Operating rates across Chinese secondary aluminium producers are expected to slightly rebound to about 50% in Mar.

Warehouse stock for Aluminium at LME was at 1175650mt that is down by -7200mt.

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