EPIC RESEARCH MCX Aluminium UPDATE OF 3 April 2019

Posted by Commodity Updates by Epic Research on 12:06:00 with No comments

Aluminium trading range for the day is 146-148.6.

Aluminium prices dropped after Russian aluminium giant Rusal has resumed supplies to the U.S. market.

U.S. President Donald Trump said that trade talks with China were going very well, but cautioned that he would not accept anything less than a "great deal".

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.67 million mt.

Warehouse stock for Aluminium at LME was at 1115000mt that is down by -7825mt.

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