EPIC RESEARCH MCX ALUMINIUM UPDATE OF 21 MAY 2018
Posted by Commodity Updates by Epic Research on 13:14:00 with No comments
Aluminium trading range for the day is 151.3-159.7.
Aluminium dropped amid easing worries over a supply shortage in the aftermath of U.S. sanctions on major Russian producer Rusal.
China's aluminium production rose in April to its highest level on a daily basis since June, as higher aluminium prices encouraged smelters to ramp up output.
Data showed LME on-warrant aluminium stocks i fell 28,725 tonnes after surging by 153,075 tonnes earlier in the week.
Data showed LME on-warrant aluminium stocks i fell 28,725 tonnes after surging by 153,075 tonnes earlier in the week.
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