EPIC RESEARCH MCX Aluminium UPDATE OF 1 April 2019

Posted by Commodity Updates by Epic Research on 11:34:00 with No comments

Aluminium trading range for the day is 146.2-151.

Aluminium prices gained on hopes of progress in U.S.-China trade talks and low inventories in metals lent support.

Factory activity likely contracted for a fourth straight month in March, suggesting weaker Chinese demand for raw materials.

Aluminum Corp of China Ltd recorded a 16 percent rise in aluminium production in 2018 to 4.17 million tonnes.

Warehouse stock for Aluminium at LME was at 1129175mt that is down by -5775mt.

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