EPIC RESEARCH MCX Aluminium UPDATE OF 12 April 2019

Posted by Commodity Updates by Epic Research on 12:59:00 with No comments

Aluminium trading range for the day is 145.4-148.

Aluminium dropped as the US dollar index sharply rose bolstered by strong producer prices and unemployment claims.

US and China continued to make progress in trade talks and have agreed on a mechanism to enforce any trade agreement, including setting up new "enforcement offices"

Fed is likely to leave interest rates unchanged this year given risks to the U.S. economy from a global slowdown and uncertainty over trade policies and financial conditions.

Warehouse stock for Aluminium at LME was at 1086075mt that is down by -4550mt.

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