EPIC RESEARCH MCX Aluminium UPDATE OF 16 April 2019

Posted by Commodity Updates by Epic Research on 11:30:00 with No comments

Aluminium trading range for the day is 146.2-149.4.

Aluminium prices gained as stronger-than-expected financing data from China bolstered the sentiments.

China’s trade surplus soared past expectations in March as greater exports offset weaker imports.

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.636 million mt.

Warehouse stock for Aluminium at LME was at 1074450mt that is down by -7525mt.

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