EPIC RESEARCH MCX Aluminium UPDATE OF 22 March 2019

Posted by Commodity Updates by Epic Research on 12:19:00 with No comments

Aluminium trading range for the day is 143.3-147.5.

* Aluminium dropped on profit booking after prices gained amid decline of some 20,000 mt in social inventories of primary aluminium in China.

* There were also report that Rio Tinto suspended operations at its bauxite mine in north Australia due to a cyclone.

* China produced some 2.97 million mt of primary aluminium in January, down 0.5% from January 2018, and down 0.7% from December.

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